Deductible Expenses 430-05-55

 

Deductions 430-05-55-05

(Revised 12/01/08 ML3164)

IM 5077

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Deductions are automatically allowed by TECS.

 

Standard Deduction

Standard deduction based on counting eligible household members in determining household size is as follows:

• 1 through 3 person household - $144.00

• 4 person household - $147.00

• 5 person household - $172.00

• 6+ person household - $197.00

 

Earned Income Deduction

A twenty percent (20%) deduction is allowed from gross earned income.