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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