| Pub. 525, Taxable and Nontaxable Income |
2004 Tax Year |
This is archived information that pertains only to the 2004 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Table 4. 2001 Standard Deduction Tables. Summary: These tables are used to determine the deduction the taxpayer can claim. There are separate tables for people age
65 or older or
blind, dependents, and most all other people.Table I. Standard Deduction Chart for Most People. Footnote: DO NOT use this chart if you were 65 or older or blind, OR if someone else can claim an exemption for you (or your
spouse if married
filing jointly). Use Table II or III instead.
Table II. Standard Deduction Chart for People Age 65 or Older or Blind. Footnote: If someone else can claim an exemption for you (or your spouse if married filing jointly), use Table III, instead.
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Check the correct number of boxes below. Then go to the chart.
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“You: 65 or older” checkbox
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“You: Blind” checkbox
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“Your spouse, if claiming spouse's exemption: 65 or older” checkbox
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“Your spouse, if claiming spouse's exemption: Blind” checkbox
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“Total number of boxes you checked” field
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Table III. Standard Deduction Worksheet for Dependents. Footnote: Use this worksheet ONLY if someone else can claim an exemption for you (or your spouse if married filing jointly).
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If you were 65 or older or blind, check the correct number of boxes below. Then go to the worksheet.
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“You: 65 or older” checkbox
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“You: Blind” checkbox
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“Your spouse, if claiming spouse's exemption: 65 or older” checkbox
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“Your spouse, if claiming spouse's exemption: Blind” checkbox
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“Total number of boxes you checked” field
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“1. Enter your earned income (Earned income includes wages, salaries, tips, professional fees, and other compensation received
for personal
services you performed. It also includes any amount received as a scholarship that you must include in your income.). If none,
enter 0.”
field
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2. Additional amount $250
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“3. Add lines 1 and 2” field
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4. Minimum standard deduction $750
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“5. Enter the larger of line 3 or line 4.” field
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“6. Enter the amount shown below for your filing status.” field
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Single, enter $4,550
Married filing separate return, enter $3,800
Married filing jointly or Qualifying widow(er) with dependent child, enter $7,600
Head of household, enter $6,650
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“7. Standard deduction.”
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“7a. Enter the smaller of line 5 or line 6. If under 65 and not blind, stop here. This is your standard deduction. Otherwise,
go to line
7b.” field
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“7b. If 65 or older or blind, multiply $1,100 ($900 if married or qualifying widow(er) with dependent child) by the number
in the box
above.” field
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“7c. Add lines 7a and 7b. This is your standard deduction for 2001.” field
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