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Deductions & credits
The increase in Standard Deductions is not effective until the 2018 tax year, not for the 2017 tax year.
Standard deductions for 2017
- Single - $6,350 add $1,550 if age 65 or older
- Married Filing Separately - $6,350 add $1,250 if age 65 or older
- Married Filing Jointly - $12,700 add $1,250 for each spouse age 65 or older
- Head of Household - $9,350 add $1,550 if age 65 or older
June 4, 2019
3:11 PM
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Deductions & credits
For 2018 - Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older
June 4, 2019
3:11 PM