WOW.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

3. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

   www.aol.com/difference-between-standard...

   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023. ... approved by the IRS ...

4. Taxes 2023: What's the standard deduction for people over 65?

   www.aol.com/standard-deduction-people-over-65...

   The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...

5. How To File Your Taxes If You Got Married in 2022 - AOL

   www.aol.com/file-taxes-got-married-2022...

   According to the IRS, these are how the 2022 tax year income tax brackets work out for married filing jointly and single filers: For married couples filing jointly: 37% for incomes over $647,850 ...

6. Tax brackets and standard deduction to increase for 2022 tax ...

   www.aol.com/finance/tax-brackets-standard...

   The standard deduction — claimed by most taxpayers — will increase to $25,900, which is $800 more for married couples filing jointly for the tax year 2022. For single taxpayers and married ...

7. Retirees 65 and Older Eligible for Extra Standard Deduction ...

   www.aol.com/retirees-65-older-eligible-extra...

   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

8. What Is the Standard Deduction for Married Filing Jointly in ...

   www.aol.com/standard-deduction-married-filing...

   The standard deduction for married taxpayers filing jointly is $25,900, up from $800 from the previous year. For those 65 or older or blind, the additional standard deduction for married taxpayers ...

9. Tax brackets and standard deduction to increase for 2022 tax ...

   www.aol.com/news/tax-brackets-and-standard...

   For single taxpayers and married individuals filing separately, the standard deduction will increase to $12,950 — up $400. The deduction for heads of household will rise to $19,400, a $600 increase.