This is in addition to the standard deduction that I am told is 10,700. So, if my husband is not working, and it's just myself--can I claim the married with two---and I was told that the deduction for myself and my husband is roughly around 1500 each?
True/false?
2007-03-14 07:09:07 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
False
You get an exemption for you and your husband each, assuming you have no children. (IF you do one for each of them also) Your standard deduction for married filing joint is $10,300 for 2006. You will get $6600 in exemptions, as exemptions are $3300 each this year. Hope this helps
2007-03-14 07:20:23 · answer #1 · answered by LJ 2 · 0⤊ 0⤋
Filing a joint return, you'll get a $3300 exemption for each of you. This is an amount deducted from your income before your tax is figured, not $6600 subtracted from your taxes.
Standard deduction for 2006 for a joint return, both people under 65, is $10,300. Both that number and the exemption amount will go up a little for next year.
You should probably be OK filing married/2 allowances if you're the only one working. Warning - if he's collecting unemployment comp, that's taxable, so either you should just claim one or he should have tax withheld from his unemployment comp.
2007-03-14 14:14:30 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
The standard deduction is 10,300.00 for the 2006 return,
You and your husband are each entitled to the exemption amount of 3,300.00
2007-03-14 14:14:45 · answer #3 · answered by Rob 7 · 2⤊ 0⤋
False.
The standard deduction is $10,300 for a married couple (under 65 and not blind) and the personal exemptions are $3300 each.
2007-03-14 14:13:21 · answer #4 · answered by Wayne Z 7 · 2⤊ 0⤋