what is personal deduction and marriage amount for 2006 and what was it in 2005?

Question

husband 68 and i just turned 65 3 weeks ago today.also have 10 yr old grand daughter for whom we have full legal custody whom we claim.

Answer 1

Table 7. Standard Deduction Chart for Most People*

If your filing status is... Your standard deduction is:
Single or Married filing separately $5,150
Married filing jointly or Qualifying widow(er) with dependent child 10,300
Head of household 7,550


*Do not use this chart if you were born before January 2, 1942, or you are blind, or if someone else can claim an exemption for you (or your spouse if married filing jointly). Use Table 8 or 9 instead.










Check the correct number of boxes below. Then go to the chart.
You Born before January 2, 1942

Blind


Your spouse, if claiming spouse's exemption Born before January 2, 1942

Blind


Total number of boxes you checked

IF your
filing status is... AND the number
in the box
above is... THEN your standard deduction is...
Single 1 $6,400
2 7,650
Married filing jointly 1 11,300
or Qualifying 2 12,300
widow(er) with 3 13,300
dependent child 4 14,300
Married filing 1 6,150
separately 2 7,150
3 8,150
4 9,150
Head of household 1 8,800
2 10,050


*If someone can claim an exemption for you (or your spouse if married filing jointly), use Table 9, instead.



Use this worksheet only if someone else can claim an exemption for you (or your spouse if married filing jointly).
If you were born before January 2, 1942, or you are blind, check the correct number of boxes below. Then go to the worksheet.
You Born before January 2, 1942

Blind


Your spouse, if claiming spouse's exemption Born before January 2, 1942

Blind


Total number of boxes you checked



1. Enter your earned income (defined below). If none, enter -0-. 1.
2. Additional amount 2. $300
3. Add lines 1 and 2. 3.
4. Minimum standard deduction. 4. $850
5. Enter the larger of line 3 or line 4. 5.
6. Enter the amount shown below for your filing status.
• Single or Married filing separately— $5,150 6.
• Married filing jointly or Qualifying
widow(er) with dependent child—$10,300
• Head of household—$7,550
7. Standard deduction.
a. Enter the smaller of line 5 or line 6. If born after January 1, 1942, and not blind, stop here. This is your standard deduction. Otherwise, go on to line 7b. 7a.
b. If born before January 2, 1942, or blind, multiply $1,250 ($1,000 if married or qualifying widow(er) with dependent child) by the number in the box above. 7b.
c. Add lines 7a and 7b. This is your standard deduction for 2006. 7c.

Answer 2

Personal exemption this year is $3300 - was $3000 last year. Standard deduction for married filing joint is $10,300 this year - was $10,000 last year. Standard deduction is a little higher if one or both of you is 65 or older.

Answer 3

Go to www.irs.gov for answers to these questions. They have all info on site and easy to search.

2006
MFJ 10,300
personal exemptions 3,300

Answer 4

irs.gov