Tax Article - Massachusetts Increases Personal Exemptions for 2005
Massachusetts Technical Information Release 04-34 increases the personal exemption amounts for Massachusetts taxpayers for taxable years beginning on or after January 1, 2005. The new personal exemption amounts, effective for the 2005 taxable year, are as follows:
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$3,575 for a single person or a married person filing a separate return;
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$5,525 for a head of household; and
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$7,150 for a married couple filing a joint return.
For more information about this topic, visit the Department of Revenue web site at:
http://www.dor.state.ma.us/rul_reg/tir/TIR_04_34.htm
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