Tax Assistance

• Recent Posts
  • State Tax Forms (for States S to Z)
  • State Tax Forms (for States G to L)
  • State Tax Forms (for States A to F)
  • State Tax Forms (for States M to R)
  • Tax Forms For 2008
  • Turbo Tax Overview
  • Instant Refund - Don’t Believe It!
  • Alternative Minimum Tax Fix
  • IRS Withholding Calculator - A Simple Tool
  • Tax Forms 1040 & 1040EZ
  • Telephone Excise Tax Refund
  • 95,746 Tax Refunds Waiting To be Claimed
  • EITC - Tax Money The Government Wants You To Have
  • IRS Tax Forms - 5 Most Popular
  • Identity Theft, Phishing, and Tax Scams
• 
  


Related Posts


Watch Out For Tax Scams!

www.taxassistonline.com keeping you up to date with tax news and tips. In TAX TIP 2006-24 the IRS Warns Taxpayers To Beware of Tax Scams Tax scams can take several forms, ranging from the promise of a large tax refund to the promotion of illegal ways of taxing yourself. Believe me, a few extra dollars is absolutely not worth the pain of

According to the IRS, these are their five most requested forms tax forms and publications. Click on the link to get to the form.

Find out about tax forms at www.taxassistonline.com

The standard deduction is a dollar amount that reduces the amount of income on which you are taxed.

Note: You cannot take the standard deduction if you claim itemized deductions.

In general, the basic standard deduction is an amount relative to each tax year and varies according to your filing status.

The standard deduction for taxpayers who do not itemize deductions on Schedule A of Form 1040 is, in most cases, higher for 2006 than it was for 2005.

The amount depends on your filing status, whether you are 65 or older or blind, and whether an exemption can be claimed for you by another taxpayer.

The basic standard deduction amounts for 2006 are:

Head of household — $7,550
Married taxpayers filing jointly and qualifying widow(er)s — $10,300
Married taxpayers filing separately — $5,150
Single — $5,150

The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer may not exceed the greater of $850 or the sum of $300 and the individual’s earned income.

For more information, refer to IRS Publication 501, Exemptions, Standard Deduction, and Filing Information, which you can find at http://www.irs.gov/publications/p501/index.html.

You can find more tax informationat www.taxassistonline.com

← Previous Page — Next Page →

• RSS Feed
• Tax Articles
  • About
  • Index of Tax Articles
• Tax Index
  • Clean Fuel Vehicle Credit
  • EITC
  • HMRC (IRD) News
  • Identity Theft
  • IRS News
  • IRS Tax Forms
  • State Tax Forms
  • Tax Abuse & Avoidance
  • Tax Agents
  • Tax Deductions
  • Tax Forms
    • Tax Form 1040
  • Tax Help & Assistance
  • Tax News
  • Tax Refunds
  • Tax Returns
  • Tax Rules
  • Tax Scams
  • Tax Software
  • Taxpayer Rights
  • Telephone Excise Tax Refund
  • Turbo Tax
  • Uncategorized
• Admin
  • Log in
  • Wordpress
  • XHTML
• Search