Tax Zone

2008 Income Tax Quick Reference


2008 Standard Deductions


Filing StatusDeduction Amount
Single$5,350
Married Filing jointly$10,700
Married filing separately$5,350
Head of Household$7,850
Surviving spouse$10,700
Dependent Deduction (minimum)$850
Additional amount for blindness or age$1,050
Additional amount for blindness or age if Single$1,300

2008 Personal Exemptions


Personal exemption$3,400

2008 Personal Exemption Phaseouts


Filing StatusIncome Ceiling
Single$156,400
Married Filing jointly$234,600
Married filing separately$117,300
Head of Household$195,500
Surviving spouse$234,600

Social Security Threshold Amounts


YearAmount
2007$97,500
2008$102,000



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