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If the new standard deduction is 24000 why is mine only 12700?
i made 18000 less this year but i am getting more than a 1000 less than last year. why?
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June 6, 2019
7:52 AM
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Deductions & credits
The standard deductions change next year when you file your 2018 tax return in 2019.
2017 Standard Deductions
Single $6350 (65 or older + $1550)
Married Filing Separately $6350 (65 or older + $1250)
Married Filing Jointly $12,700 (65 or older + $1250@)
Head of Household $9350 (65 or older + $1550)
**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.**
June 6, 2019
7:52 AM