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Title: 2010 tax deduction Post by: mismas on February 03, 2010, 06:46:47 pm Anyone knows how much is the 2010 federal tax deduction? I mean the standard tax deduction.
Title: Re: 2010 tax deduction Post by: danisara on February 03, 2010, 06:56:55 pm I think you mean the 2009 standard tax deduction instead of the 2010 tax deduction, right? (You will need the 2010 tax deduction next year in 2011 when you file your tax return for tax year 2010.)
Standard deduction for federal taxes for tax year 2009 (return filed in 2010): Single or Married filing separately $5,700 Married filing jointly or Qualifying widow(er) $11,400 Head of household $8,350 Title: Re: 2010 tax deduction Post by: mismas on February 04, 2010, 08:44:39 am Great, thanks much. By any chance, would you know how much it is for Wisconsin?
Title: Re: 2010 tax deduction Post by: danisara on February 04, 2010, 11:21:04 am There is no single standard deduction that would be applicable to everyone. The deduction is sized based on your income from line 14 of WI form 1. For example if your income is between $39,000 and $39,500 and you are single, the deduction is $6,363. If your income is between $54,000 and $54,500 and you are single, your deduction would be $4,563.
2009 Standard Deduction Table Wisconsin income tax Form 1 instructions page 45 http://www.revenue.wi.gov/forms/2009/09i-111.pdf |