Standard deduction worksheet for dependents line 8 Form 2023-2024

Standard deduction worksheet for dependents line 8 Form: What You Should Know

Standard Deduction Worksheet for Individuals. See Form 4878 to figure your standard deduction if you are under age 65 and live in Connecticut, Delaware, or Maryland. Basic Exemptions for Children All New Hampshire residents who are under age 17 with total support (the number of children for whom you are supporting) 6,000 for the first child, 4,000 for the next two children, and 2,000 for the next three or more children (or number of children over the previous three) 3,000 for each of your first two children, 1,000 for each of the next four children and 500 for each of the next ten children 1,000 for each of your first two children and all of your  next three or more children  250 if single and all of your  next three or more children 250 if married filing jointly and all of your  next three or more children 150 if single and all of your children were under age 6. Maine Child Credit. New Hampshire Child Credit. Basic Exemptions for Families. Income Tax Rate New Hampshire residents who live in New Hampshire generally have no state income tax. The income tax is 6 percent with no exemptions. 2018 State Income Tax Brackets and Rates New Hampshire 2024 Income Tax Brackets and Rates New Hampshire 2024 Tax Rates New Hampshire Standard Deductions and Personal Exemptions New Hampshire has no standard deductions. New Hampshire residents can deduct their property taxes, the amount of personal income tax withheld from their paychecks, medical expenses, etc. and are not limited by the number of exemptions as the residents of Wyoming are. Individuals can claim a personal exemption that amounts to 5,250. New Jersey Standard Deductions New Jersey residents have a standard deduction of 6,350.  New Jersey Personal Exemptions for New Jersey Taxpayers The personal exemption of 6,350 is not available for New Jersey residents making less than 80,000 or individuals in households whose household income is below 100,000. The New Jersey personal exemption is increased by 100 for each qualifying child over the age of 16 living with you, and decreased by 20 for each qualifying child under the age of 16 residing with you, but your taxable income was less than 80,000.

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