To figure your 2017 standard deduction amount, simply select your filing status below. (Don't worry – TurboTax automatically calculates this for you, assuming you're taking the standard deduction.)
Please note that if someone else claims you (or your spouse, if you're filing jointly) as their dependent, your standard deduction may be reduced from the amounts shown below.
Single or Married Filing Separately
Starting with tax year 2018 returns, the standard deduction will nearly double to $12,000 for single filers, $18,000 for head of household, and $24,000 for joint returns. Add another $1,300 for each taxpayer on the return who is over 65 or blind (plus another $300 if that taxpayer is also unmarried and not a surviving spouse).
The $4,050 personal exemption will be eliminated starting in tax year 2018. Even so, the number of taxpayers who itemize (currently around 30%) is expected to decrease as a result of the higher standard deduction.
