For new users, personal Debian boxes, home systems, and other single-user setups, a single / partition (plus swap) is probably the easiest, simplest way to go. However, if your partition is larger than around 6GB, choose ext3 as your partition type. Ext2 partitions need periodic file system integrity checking, and this can cause delays during booting when the partition is large.
For multi-user systems or systems with lots of disk space, it's best to put /usr, /var, /tmp, and /home each on their own partitions separate from the / partition.
You might need a separate /usr/local partition if you plan to install many programs that are not part of the Debian distribution. If your machine will be a mail server, you might need to make /var/mail a separate partition. Often, putting /tmp on its own partition, for instance 20 to 50MB, is a good idea. If you are setting up a server with lots of user accounts, it's generally good to have a separate, large /home partition. In general, the partitioning situation varies from computer to computer depending on its uses.
For very complex systems, you should see the Multi Disk HOWTO. This contains in-depth information, mostly of interest to ISPs and people setting up servers.
With respect to the issue of swap partition size, there are many views. One rule of thumb which works well is to use as much swap as you have system memory. It also shouldn't be smaller than 16MB, in most cases. Of course, there are exceptions to these rules. If you are trying to solve 10000 simultaneous equations on a machine with 256MB of memory, you may need a gigabyte (or more) of swap.
On 32-bit architectures (i386, m68k, 32-bit SPARC, and PowerPC), the maximum size of a swap partition is 2GB. That should be enough for nearly any installation. However, if your swap requirements are this high, you should probably try to spread the swap across different disks (also called “spindles”) and, if possible, different SCSI or IDE channels. The kernel will balance swap usage between multiple swap partitions, giving better performance.
As an example, an older home machine might have 32MB of RAM and a 1.7GB IDE drive on /dev/hda. There might be a 500MB partition for another operating system on /dev/hda1, a 32MB swap partition on /dev/hda3 and about 1.2GB on /dev/hda2) as the Linux partition.
For more examples, see Partitioning Strategies. For an idea of the space taken by tasks you might be interested in adding after your system installation is complete, check Section B.2, “Disk Space Needed for Tasks”.