Different standard deduction rates 1040/1040EZ

Question

Mar 23, 2007, 08:35 AM

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Join Date: Mar 2007

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Different standard deduction rates 1040/1040EZ

The standard deduction rates listed on the 1040 and 1040EZ forms are different. Why is this??

Answers

Mar 27, 2007, 11:39 AM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 14,009	They are NOT different. Single is $5,150, as is Married Filing Separately. Married Filing Jointly is $10,300. The rates listed on Form 1040EZ COMBINES the standard deduction AND the personal exemption, depending if you are filing SINGLE ($8,450) or MFJ ($16,900).

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