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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. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.
The standard deduction is distinct from the personal exemption, ... 2022 [8] $12,950 $25,900 $19,400 ... (maximum standard deduction for single filing status in 2023)
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 ...
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 ...
Single taxpayers (and married spouses filing separately) will have a standard deduction of $13,850 (a $900 increase). Married couples filing jointly will have a standard deduction of $27,700 (a ...
Tax filing season is right around the corner, and as you prepare, it's important to know your correct tax filing status. Filing status is used to determine your filing requirements, the amount of ...
See how much the standard deduction is for your taxes.
This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.
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