Wednesday, January 9, 2013

2012 Tax Year Standard Deduction and Exemptions amount

Standard Deductions for 2012 tax year

 Single: $5,950-an increase from $5,800
Married Filing Separately: $5,950, an increase of $5,800
Head of Household: $8,700, an increase from $8500
Married Taxpayers Filing Jointly and Qualifying Widow(er)s: $11,900, an increase from $11,600


This tax year, you can claim $3,800, up from last year's $3700

Get up to date  on  2012 tax year updates at Tax Charm!Tax Charm blog is not legal or professional advice.

You are reading Tax Charm blog at your own free will and you are taking the information provided at your own risk.

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