What is the 2023 standard deduction? Why is it not showing on my form?

kingbandy02 · ‎January 28, 2023

KrisD15 · ‎January 28, 2023

Below is a link to a chart showing the Standard Deductions for Tax Year 2022, but it s adjusted if you are filing as a dependent.

STANDARD DEDUCTIONS

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Texas Roger · ‎January 28, 2023

The standard deduction you must use for your 2022 tax return is the standard deduction for 2022 not 2023.

xmasbaby0 · ‎January 28, 2023

You are not preparing a 2023 tax return now. You are preparing a 2022 return for the tax year that just ended.

Your standard deduction lowers your taxable income. It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2022 Form 1040.

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950 (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)

MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)

Legally Blind + $1750

**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.**