topic Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year? in Deductions & credits

Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year?

andreagd4 — Tue, 10 Feb 2026 09:26:19 GMT

This year is still showing at $13850 - which is correct?

Re: Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year?

xmasbaby0 — Fri, 26 Jan 2024 20:56:00 GMT

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2023 Form 1040.

2023 STANDARD DEDUCTION AMOUNTS

SINGLE $13,850 (65 or older/legally blind + $1850)

MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)

MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse

HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)

Re: Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online ...

KrisD15 — Fri, 26 Jan 2024 21:03:35 GMT

13,850 for Single and/or Married Filing Separately for Tax Year 2023.

Yes, next year for Tax Year 2024 it will be 14,600.

Standard Deductions Tax Year 2023