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Subject Author Date
2007: Over 65 Standard Deduction Howard Kaikow 11-24-2007
Posted by Howard Kaikow on November 24, 2007, 9:01 am
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 I believe that the standard deduction for over 65 was $6400 for 2006 taxes.
What will this be for 2007?



Posted by joetaxpayer on November 24, 2007, 9:09 am
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Howard Kaikow wrote:

> I believe that the standard deduction for over 65 was $6400 for 2006 taxes.
> What will this be for 2007?

Right, for 2006 Std Deduction was $5150 single, plus $1250 for over 65.
For 2007, it's $5350 single plus $1300 ($6650 tot) if you are over 65.

see http://fairmark.com/refrence/ for a chart of these numbers as well
as tax bracket details, all loaded for 2008 numbers as well.
JOE
www.joetaxpayer.com


Posted by Howard Kaikow on November 24, 2007, 2:53 pm
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>
>
> Howard Kaikow wrote:
>
> > I believe that the standard deduction for over 65 was $6400 for 2006
taxes.
> > What will this be for 2007?
>
> Right, for 2006 Std Deduction was $5150 single, plus $1250 for over 65.
> For 2007, it's $5350 single plus $1300 ($6650 tot) if you are over 65.
>
> see http://fairmark.com/refrence/ for a chart of these numbers as well
> as tax bracket details, all loaded for 2008 numbers as well.
> JOE
> www.joetaxpayer.com
>


Thanx.



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