Publication 501
Contents
Cat. No. 15000U
What’s New for 2005 . . . . . . . . . . . . . . . 1
Department
of the
Reminders . . . . . . . . . . . . . . . . . . . . . . 2
Exemptions,
Treasury
Introduction . . . . . . . . . . . . . . . . . . . . . 2
Internal
Revenue
Standard
Who Must File . . . . . . . . . . . . . . . . . . . 2
Service
Who Should File
. . . . . . . . . . . . . . . . . 4
Deduction,
Filing Status
. . . . . . . . . . . . . . . . . . . . 5
and Filing
Exemptions . . . . . . . . . . . . . . . . . . . . . 9
Exemptions for Dependents . . . . . . . . . 10
Information
Phaseout of Exemptions . . . . . . . . . . . . 19
Standard Deduction . . . . . . . . . . . . . . . 19
2005 Standard Deduction Tables . . . . 22
For use in preparing
How To Get Tax Help . . . . . . . . . . . . . . 23
2005 Returns
Index . . . . . . . . . . . . . . . . . . . . . . . . . . 25
What’s New for 2005
Exemption for dependent. Beginning in
2005, you will use new rules to determine
whether you can claim an exemption for a de-
pendent. You can claim an exemption for a
“qualifying child” or a “qualifying relative.” See
Exemptions for Dependents.
Head of household filing status. Beginning
in 2005, you will use new rules to determine
whether someone is your qualifying person so
you can claim head of household filing status. To
be your qualifying person, a child generally must
be your “qualifying child.” See Head of House-
hold.
Who must file. Generally, the amount of in-
come you can receive before you must file a
return has increased. Table 1 shows the filing
requirements for most taxpayers.
Exemption amount. The amount you can de-
duct for each exemption has increased from
$3,100 in 2004 to $3,200 in 2005.
Exemption for individual displaced by Hurri-
cane Katrina. You may be able to claim a
$500 exemption if you provided housing to a
person displaced by Hurricane Katrina. For de-
tails, see Exemption for Individual Displaced by
Hurricane Katrina.
Exemption phaseout. You lose all or part of
the benefit of your exemptions if your adjusted
gross