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PaulaNYC
Mar 23, 2007, 08:35 AM
The standard deduction rates listed on the 1040 and 1040EZ forms are different. Why is this?

AtlantaTaxExpert
Mar 27, 2007, 11:39 AM
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).