Pub. 17, Chapter 21 - Standard Deduction
Increase in standard deduction.
The standard deduction for taxpayers who do not itemize deductions
on Schedule A of Form 1040 is higher in 1999 than it was in 1998. The
amount depends upon your filing status. 1999 Standard Deduction
Tables are shown at the end of this chapter.
Itemized deductions.
The amount you can deduct for itemized deductions is limited if
your adjusted gross income is more than $126,600 ($63,300 if you are
married filing separately). See chapter 22
for more information.
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