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Beginning in 2018, due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the personal exemption has been eliminated.
Instead, the standard deduction has been increased to the following:
Single/Married File Separate- $12,000
Head of Household- $18,000
Married Filing Joint- $24,000
Beginning in 2018, due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the personal exemption has been eliminated.
Instead, the standard deduction has been increased to the following:
Single/Married File Separate- $12,000
Head of Household- $18,000
Married Filing Joint- $24,000
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