2009 Standard Deduction Amount and Personal Exemption for Single and Married filing jointly
Submitted by vinny on Thu, 10/29/2009 - 14:34.
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The standard deduction for people who do not itemize their deductions on Schedule A (Form 1040) is higher for 2009 than it was for 2008. In addition to the annual increase due to inflation adjustments and the increase allowed for the deduction for certain real estate taxes and a net disaster loss, your 2009 standard deduction is increased by any state or local sales tax imposed on the purchase of a qualified motor vehicle in 2009 after February 16.
You can use IRS 2009 standard deduction worksheet to workout your 2009 standard deduction amount.
Quick Tip:
Standard Tax deduction 2009 2010 for married filing jointly and Single individuals
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