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2012 STANDARD DEDUCTION SINGLE - $5,950 MARRIED FILING JOINTLY – $11,900 MARRIED FILING SEPARATELY – $5,950 HEAD OF HOUSEHOLD – $8,700 QUALIFYING WIDOW(ER) – $11,900 PERSONAL EXEMPTION(S) - $3,800 IF THE TAXPAYER OR SPOUSE IS LEGALLY BLIND...

air conditioning units, heat pumps, water heaters, insulation, roofing, etc. also qualify for the residential energy-efficient property credit. 2. Standard Deduction Increased for Most Taxpayers The 2008 basic standard deductions all...

to scramble for misplaced tax documents necessary to complete your return come tax time. Consider Itemizing Your Deductions : If you normally claim the Standard Deduction, you may be able to reduce your tax liability if you itemize instead...

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capital loss deduction limit is $1,500 (instead of $3,000 on a joint return). If your spouse itemized their deductions on their return you also have to itemize your deductions. You will not be able to claim the standard deduction unless both...

However, AMT was not designed to automatically update for inflation, more middle-class taxpayers are becoming subject to the Alternative Minimum Tax. For the 2013 tax season, Congress passed an "AMT Patch" which acts as a standard...

must be recalculated without the bonus depreciation using standard MACRS (Modified Accelerated Cost Recovery System) method. Enter the difference between the depreciation calculated by standard MACRS methods and the depreciation calculated...

¿Qué es un préstamo estudiantil calificado "?

about dependents in Publication 501 , Exemptions, Standard Deduction, and Filing Information. Exceptions. For purposes of the student loan interest deduction, there are the following exceptions to the general rules for dependents...

to file a federal return or claimed the standard deduction on your federal return and you saved your receipts throughout the year, you can add up the total amount of sales taxes you actually paid and claim that amount. If you did not save your...

The following summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving...

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than taking the standard deduction on your tax return. You will need to use tax return form 1040 when filing and complete a Schedule A that details the itemized deductions. You can not use forms 1040A or 1040 EZ when you itemize on your...