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

    www.aol.com/finance/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.

  3. Major tax changes for 2022 you need to know - AOL

    www.aol.com/finance/major-tax-changes-2022-know...

    The 2022 standard deductions for all filing statuses are as follows:Single: $12,950 (up from $12,550 in 2021)Head of Household: $19,400 (up from $18,800)Married Filing Jointly: $25,900 (up from ...

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

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

    The Internal Revenue Service announced annual inflation adjustments for the 2022 tax year, including the standard deduction and tax brackets. The changes take into account the rise in inflation ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

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

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

    The IRS announced annual inflation adjustments for the 2022 tax year, including the standard deduction and tax brackets.

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

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

    When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. Check Out: 8 IRS Secrets To Know for the 2023 Tax Filing SeasonMore: 3 ...

  8. Taxes 2023: Here's how to know if you should itemize - AOL

    www.aol.com/finance/taxes-2023-heres-know...

    Say you paid $10,000 in interest on a mortgage loan in 2022, and you’re a single filer. Because $10,000 is lower than the standard deduction of $12,950, it won’t make sense to itemize.

  9. 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 ...

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