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Tax Center
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Tax Rate Chart:
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Standard Deductions
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2000
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2001
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Filing
Status
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Standard
Deduction
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Single
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4,400
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4,550
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Married Filing Jointly
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7,350
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7,600
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Married Filing Separately
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3,675
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3,800
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Head of Household
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6,450
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6,650
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Qualifying Widow(er)
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7,350
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7,600
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Individuals who are 65
or older increase the above amounts by $1,100 ($850
if married or a qualifying widow(er)) and by another
$1,100 or $850 if they are blind.
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These amounts are $1,100
and $900 for 2001.
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An individual who is claimed
as a dependent is entitled to a standard deduction of
the larger of (1) earned income + $250, or (2) $700.
This amount may not exceed the amounts shown above for
the dependent’s filing status.
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The $700 amount is $750
for 2001.
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Exemption Allowance
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2000
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2001
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Exemption Allowance
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2,800
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2,900
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The allowance is reduced
if AGI exceeds the amount for the filing status
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Filing
Status
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AGI
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AGI
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Single
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128,950
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132,950
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Married
Filing Jointly
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193,400
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199,450
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Married
Filing Separately
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96,700
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99,725
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Head of
Household
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161,150
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166,200
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Qualifying
Widow(er)
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193,400
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199,450
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Tax Bracket Breakpoints
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2000
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Filing Status
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28%
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31%
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36%
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39.6%
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Single
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26,250
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63,550
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132,600
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288,350
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Married Filing Jointly
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43,850
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105,950
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161,450
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288,350
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Married Filing Separately
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21,925
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52,975
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80,725
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144,175
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Head of Household
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35,150
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90,800
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147,050
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288,350
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Qualifying Widow(er)
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43,850
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105,950
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161,450
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288,350
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2001
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Filing Status
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28%
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31%
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36%
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39.6%
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Single
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27,050
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65,550
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136,750
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297,350
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Married Filing Jointly
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45,200
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109,250
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166,500
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297,350
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Married Filing Separately
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22,600
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54,625
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83,250
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148,675
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Head of Household
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36,250
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93,650
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151,650
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297,350
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Qualifying Widow(er)
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45,200
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109,250
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166,500
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297,350
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