Exemption For Single Woman 2016
Exemptions For Single Woman 2016
Single 6,300 1,550 Head of Household 9,250 1,550. Tax Year 2015 Personal Exemptions and Deductions: 7-Feb-14: Personal Exemption: $3,950: Deductions. Tax Year 2012 Personal Exemptions and Deductions Personal Exemption: $3,800: Deductions: Standard Blind/Elderly Single 5,950 1,450. Serial key generator. Generally, a homestead right is not given to a man and woman living together in an unmarried status[vi]. A married couple can claim a homestead exemption on the basis of their marital status. In case of married couples, parties share the single homestead exemption. Moreover, each spouse can claim full exemption.
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2016 Personal Exemption For Single
The Standard Deduction The Internal Revenue Service gives taxpayers the option of claiming a standard deduction or itemizing several other available deductions. You can't do both. The standard deduction for a single taxpayer for the 2012 tax year is $5,950. If you don't have this much in itemized deductions, you'll pay taxes on more income if you itemize. Both the standard deduction and itemized deductions come off your taxable income, reducing it. Most taxpayers use the standard deduction, but you'll want to choose the option that lowers your taxable income the most. Medical Deductions If you elect to itemize your deductions, you can subtract from your income some of the money you spend for medical care, dental care and health insurance premiums.
