Filling Requirements

Filing Status	Age	Income
Single	under 65 65 or older	$9,750 $11,200
Head of Household	under 65 65 or older	$12,500 $13,950
Married, filing jointly	under 65 (both spouses) 65 or older (one spouse) 65 or older (both spouses)	$19,500 $20,650 $21,800
Married, filing separately	any age	$3,800
Qualifying widow(er) with dependent child	under 65 65 or older	$15,700 $16,850

Standard Deductions

Filing Status	Amount
Single	$5,950
Married filing joint returns/Qualifying Widow(er)	$11,900
Head of household	$8,700
Married, filing separate return	$5,950
Dependent standard deduction minimum	$950 or Earned income + $300 (but not more than the regular standard deduction amount, generally $5,800).

Exemptions

Personal and Dependent Amount

$3,800

Limit on Itemized Deductions

Casualty Loss (AGI Threshold)	Max. 20,000 (10,000 MFS)
Medical Deduction (AGI Threshold)	7.5%
Miscellaneous Itemized (AGI Deduction Floor)	2%

Capital Gains Rate (Assets held more than 12 mos.)

For taxpayers in higher brackets	15%
For taxpayers in the 10% or 15% bracket	0%
High Rate:
Collectibles (coins, art, antiques)	28%
Recaptured gain on real estate (Sec. 1250 gain)	25%
Dividends, qualified (Post-December 31, 2002)	15%

Transportation & Travel

Fringe Benefit: Employer-provided passes and vehicles	$125/mo.
Fringe Benefit: Qualified parking limit	$240/mo.
Business Mileage Rate	$0.55 1/2
Charitable Mileage Rate	$0.14
Medical and Moving Mileage Rate	$0.23
Depreciation component of Standard Mileage Rate	$0.23
High Cost Per Diem Travel Rate	$242
Low Cost Per Diem Travel Rate	$163

Retirement Pension Plans

Maximum Annual Benefit for Defined Benefit Plan	$205,000
Maximum Annual Contribution Defined Contribution Plan	$51,000