Deductible Expenses 430-05-55

 

Deductions 430-05-55-05

(Revised 05/01/13 ML3365)

View Archives

 

IM 5185

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 - $149.00
• 4 person household - $160.00
• 5 person household - $187.00
• 6+ person household - $214.00

 

Earned Income Deduction

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