Standard deduction nearly doubled in 2017. The standard deduction is the amount taxpayers can subtract from income if they don’t break out deductions for mortgage interest, charitable ...

For 2021, the standard deduction is $12,550 for single filers and $25,100 for married couples filing jointly. For 2022, it is $12,950 for singles and $25,900 for married couples.

For 2021, the additional standard deduction amount for the aged or the blind is $1,350. The additional standard deduction amount increases to $1,700 for unmarried taxpayers.

In 2021, the standard deduction is: $25,100 for married joint filers; $12,550 for single taxpayers or married separate filers; $18,800 for heads of household; ...

If you can be claimed as a dependent on someone else's return, the rules are the same as they were in 2020. The 2021 standard deduction for dependents is $1,100 or the sum of earned income plus ...

For the 2021 tax year, single filers maintained the $300 deduction, but those married filing jointly could deduct up to $600 ($300 per filer). This was not the only change, however.

2021 standard deductions are a bit sweeter The standard deductions for 2021 come with a boost that will lead to more tax savings. If your standard deduction is more than the total of your itemized ...

The standard deduction for married couples filing jointly goes up by $800 for 2022. For single taxpayers and married individuals filing separately, the standard deduction increases by $400 for 2022.

Due to the decrease in itemized deductions available to taxpayers, the standard deduction has been the more popular choice since the implementation of the Tax Cuts and Jobs Acts of 2017.

Note: If you are at least 65 or blind, you can claim an additional 2025 standard deduction of $2,000 (also $2,000 if using the single or head of household filing status). If you're both 65 and ...

For most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions. See how much you can deduct on your next tax return. What's the Standard Deduction ...

Due to the decrease in itemized deductions available to taxpayers, the standard deduction has been the more popular choice since the implementation of the Tax Cuts and Jobs Acts of 2017.