The standard deduction, which is the amount you can exclude from taxable income, varies on your filing status:
Married filing jointly - 30,000 + 1,600 for each spouse 65 or older.
Head of Household - 22,500 + 2,000 if 65 or older
Single - 15,000 + 2,000 if 65 or older
The dependent credits vary depending on the age of your children:
16 and under - 2,000
17 and over - 500
Depending on your specific situation the amount will vary based on the numbers above.
Here is our withholding calculator. It should help you determine the amount you need have withheld.
@Wyatt811 Hope this helps!
Cindy
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