Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the standard deduction currently?

Currently deduction standard
0
Posted

What is the standard deduction currently?

0

The standard deduction for a married filing jointly (household unit) in 2007 was $10,700. In 2008 this will raise to $10,900. Which means if you make $11k as a household, the government considers you a high income generator.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123