2008 Financial Planning Limits - Federal Income Taxes
Submitted by Mark on 15 February 2008 - 6:48am.
Personal exemption $3,500
Phaseout of personal exemption
Single $159,950
Married filing jointly $239,950
Head of Household $199,950
Married filing separately $119,975
Standard Deduction
Single $5,450
Married filing jointly $10,900
Head of Household $8,000
Married filing separately $5,450
Elderly or blind additional deduction
Single $1,350
Married $1,050
Phaseout of itemized deductions
Single $79,975
Married filing jointly $159,950
Kiddie tax standard deduction $900
