Your English writing platform
Discover LudwigExact(28)
In other cases, couples pay the penalty because the standard deduction for couples filing jointly is less than half the standard deduction for a single filer.
The new first-time homebuyer credit can reduce a tax bill for 2008 or 2009 by up to $7,500 for a single filer or a couple filing jointly.
That income is tax-free for people in the 10 percent and 15 percent tax brackets, meaning taxable income no higher than $35,350 for a single filer in 2013 or $70,700 for a couple filing jointly.
Gains are excluded from taxation if the property is a primary residence and the gain is less than $250,000 for a single filer or $500,000 for a married couple filing jointly.
"A youngster who is a dependent of another taxpayer generally doesn't have to file an income-tax return unless the youth makes more than the standard deduction amount for a single filer," writes Kay Bell for Bankrate.com.com
Generally the credit may be available to a single filer whose adjusted gross income for 2007 is below $12,590, who cannot be claimed as a dependent on another person's return and whose income does not include more than $2,900 of investment income.
Similar(32)
For single filers, the numbers are $75,000 and $95,000.
It is $500 for single filers and $1,000 for joint filers.
The standard deduction for married filers is twice that of single filers, $12,200 versus $6,100.
That means taxable income for single filers below $32,550 and for married couples filing jointly below $65,100.
The threshold is $250,000 for a jointly filing married couple or $200,000 for single filers.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com