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Deductions & credits
The standard deduction for 2017 varies by filing status, and there are five filing statuses:
- Single - $6,350
- Married Filing Jointly - $12,700
- Married Filing Separately - $6,350
- Head of Household - $9,350
- Qualifying Widow(er) - $12,700
There is an additional amount if you are blind or over 65. You may see the chart on Page 26 of Publication 501 for more details, if this applies in your case.
https://www.irs.gov/pub/irs-pdf/p501.pdf
For 2018, the standard deduction amounts will increase to $12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouse,s and the additional standard deduction amount for the aged or the blind is $1,300. The additional standard deduction amount increases to $1,600 for unmarried taxpayers.
‎June 3, 2019
11:34 AM