This page is part of the Fairmark.com Reference Room, offering an easy way to find figures that are adjusted from time to time. This page covers items other than tax rate schedules or figures relating to retirement accounts and health savings accounts.
Personal exemptions
Personal exemption
| Dollar amount |
3,800 |
3,900 |
Personal exemptions begin to phase out
| married filing jointly |
NA |
300,000 |
| head of household |
NA |
275,000 |
| single |
NA |
250,000 |
| married filing separately |
NA |
150,000 |
Standard and itemized deductions
Standard deduction
| married filing jointly |
11,900 |
12,200 |
| head of household |
8,700 |
8,950 |
| single or separate |
5,950 |
6,100 |
Additional amount for aged or blind
| married |
1,150 |
1,200 |
| single |
1,450 |
1,500 |
Standard deduction for dependent
| minimum |
950 |
1,000 |
| or earned income plus |
300 |
350 |
Reduction in itemized deductions begins
| married filing jointly |
NA |
300,000 |
| head of household |
NA |
275,000 |
| single |
NA |
250,000 |
| married filing separately |
NA |
150,000 |
Education benefits
Education loan deduction begins to phase out
| married filing jointly |
125,000 |
125,000 |
| others |
60,000 |
60,000 |
American opportunity credit (Hope scholarship credit)
| 100% up to |
2,000 |
2,000 |
| 25% of next |
2,000 |
2,000 |
| phaseout begins, joint return |
160,000 |
160,000 |
| phaseout begins, others |
80,000 |
80,000 |
Lifetime learning credit begins to phase out
| married filing jointly |
104,000 |
107,000 |
| others |
52,000 |
53,000 |
Savings bond interest exclusion begins to phase out
| married filing jointly |
109,250 |
112,050 |
| others |
72,850 |
74,700 |
Alternative minimum tax (“AMT”)
AMT exemption amount
| married filing jointly |
78,750 |
80,800 |
| single |
50,600 |
51,900 |
AMT exemption amount begins to phase out
| married filing jointly |
150,000 |
153,900 |
| unmarried |
112,500 |
115,400 |
| married filing separately |
75,000 |
76,950 |
AMT 28% rate begins
| all except MFS |
175,000 |
179,500 |
| married filing separately |
87,500 |
89,750 |
Estate and gift tax
Gift tax exclusion
| individual |
13,000 |
14,000 |
| non-citizen spouse |
139,000 |
143,000 |
Unified credit exclusion amount
| individual |
5,120,000 |
5,250,000 |
Standard mileage rates
| business |
55.5¢ |
56.5¢ |
| basis reduction |
23.0¢ |
23.0¢ |
| medical and moving |
23.0¢ |
24.0¢ |
| charitable |
14.0¢ |
14.0¢ |
