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Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. ... $13,850 for 2023. Head of household: $19,400 for 2022, $20,800 for 2023.
Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from ... Head of household 2023: $13,850 $27,700 $20,800 2022 ...
The IRS considers an individual to be 65 on the day before their 65th birthday. The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for ...
For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...
Head of Household is a filing status for individual United States taxpayers. It provides preferential tax rates and a larger standard deduction for ... 2023, at 21:44 ...
For example, in tax year 2024 the head of household 12% tax bracket is $63,100 (which is up from $59,850 in 2023) of taxable income compared with just $47,150 for single filers (which is up from ...