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 What is the standard deduction amount for 2008?

Answer In 2008, the standard deduction for singles and married people filing separately was $5,450. The standard deduction for married people filing jointly or a qualifying widow was $10,900. Also, in 200... Read More »
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Top Q&A For: What is the standard deduction amount for 2008

What was the standard deduction in 2008?

The standard deduction for 2008 depended on your filing status. For singles and those who were married but filed separately, the deduction was $5,450. For heads of household, the deduction was $8,0... Read More »
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What was the standard single deduction amount for 2007?

The standard deduction is a deduction a taxpayer may take if they decide not to itemize their deductions for the tax year. In 2007, the standard deduction for singles was $5,350.References:IRS: For... Read More »
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What is the standard deduction amount for married filing jointly?

The Internal Revenue Service (IRS) permits a standard deduction for each taxpayer, which depends on filing status. The filing statuses are: single, married filing separately, married filing jointl... Read More »
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What is the standard deduction amount for home mortgage interest?

No standard deduction exists specifically for home mortgage interest. Home mortgage interest is an itemized deduction that is subject to a marginal tax rate. This means if you have $1,000 in intere... Read More »
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