Deductions & credits

2018 Standard Deductions:

Single                                     $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly           $24,000  (+ $1300 each spouse 65 or older)

Head of Household             $18,000  (+ $1600 65 or older)

 

 

 

2019 Standard Deduction Amounts

 

Single                                     $12,200    ($16,500 65 or older)

Married Filing Separately    $12,200   (+ $1650 if 65 or older)

Married Filing Jointly           $24,400   (+ $1300 for each spouse 65 or older)

Head of Household              $18,350   (+ $1650 for 65 or older)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**