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Standard deductions for Tax Year 2022
The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $13,850 for 2023, up $900, and for heads of households, the standard deduction will be $20,800 for tax year 2023, up $1,400 from the amount for tax year 2022.
The tax returns being filed in calendar year 2023 are for Tax Year 2022.
Yes 13,850 for 2023 returns you file next year in 2024. We are doing 2022 returns now for the year ending Dec 31, 2022.
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