Why is my deduction so high for my federal.

 

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Which deduction?  The Standard Deduction?

 

For 2019 the standard deduction amounts are:

Single 12,200 + 1,650 for 65 and over or blind

HOH 18,350 + 1,650 for 65 and over or blind

Joint 24,400+ 1,300 for each 65 and over or blind

Married filing Separate 12,200 + 1,300 for 65 and over or blind

MinhT
Expert Alumni

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The Tax Cuts and Jobs Act has substantially increased the standard deductions beginning with tax year 2018.

 

For 2019, standard deductions are:

For a taxpayer under 65, not claimed as a dependent

  • $12,200 for Single
  • $24,400 for Married Filing Jointly, or Qualifying Widow(er) with dependent child
  • $18,350 for Head of Household
  • $12,200 for Married Filing Separately
  • If you are over 65 or blind, add $1,300 for each instance if married or add $1,650 each instance if single or head of household
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