Publication 501 - Exemptions, Standard Deduction, And Filing Information - 2009
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28Publication 501
Contents
Cat. No. 15000U
Exemptions,
What’s New for 2009 . . . . . . . . . . . . . . . 1
Department
of the
Reminders . . . . . . . . . . . . . . . . . . . . . . 2
Treasury
Standard
Introduction . . . . . . . . . . . . . . . . . . . . . 2
Internal
Revenue
Who Must File . . . . . . . . . . . . . . . . . . . 3
Service
Deduction,
Who Should File . . . . . . . . . . . . . . . . . 4
Filing Status . . . . . . . . . . . . . . . . . . . . 5
and Filing
Exemptions . . . . . . . . . . . . . . . . . . . . . 10
Exemptions for Dependents . . . . . . . . . 11
Information
Phaseout of Exemptions . . . . . . . . . . . . 21
Social Security Numbers for
Dependents . . . . . . . . . . . . . . . . . . 22
Standard Deduction . . . . . . . . . . . . . . . 22
For use in preparing
2009 Standard Deduction
Worksheet . . . . . . . . . . . . . . . . 24
2009
Returns
How To Get Tax Help . . . . . . . . . . . . . . 25
Index . . . . . . . . . . . . . . . . . . . . . . . . . . 27
What’s New for 2009
Who must file. Generally, the amount of in-
come you can receive before you must file a tax
return has increased.
Table 1
shows the filing
requirements for most taxpayers.
Exemption amount. The amount you can de-
duct for each exemption has increased from
$3,500 in 2008 to $3,650 in 2009.
Exemption phaseout. You lose part of the
benefit of your exemptions if your adjusted gross
income (AGI) is above a certain amount. For
2009, the phaseout begins at $125,100 for mar-
ried persons filing separately; $166,800 for sin-
gle individuals; $208,500 for heads of
household; and $250,200 for married persons
filing jointly or qualifying widow(ers). However,
in 2009, you can lose no more than
/
of the
1
3
amount of your exemptions. In other words,
each exemption cannot be reduced to less than
$2,433.
Exemption for individual displaced by Mid-
western disaster. You may be able to claim a
$500 exemption if you provided housing to a
person displaced by a Midwestern disaster. For
more information, see
Exemption for Individual
Displaced by a Midwestern
Disaster.
Standard deduction increased. The stan-
dard deduction for most taxpayers who do not
itemize their deductions on Schedule A of Form
1040 is higher in 2009 than it was in 2008. The
amount depends on your filing status. In addition
to the annual increase due to inflation adjust-
ments, your 2009 standard deduction is in-
Get forms and other information
creased by:
faster and easier by:
•
Any state or local real estate taxes you
paid that would be deductible on Schedule
Internet
A if you were itemizing deductions, up to
$500 ($1,000 if married filing jointly),
Dec 18, 2009
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