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jim580
New Member

What was the standard deduction for 2020

2020 standard deduction
3 Replies
VolvoGirl
Level 15

What was the standard deduction for 2020

For 2020 the standard deduction amounts are:

Single 12,400 + 1,650 for 65 and over or blind (14,050)

HOH 18,650 + 1,650 for 65 and over or blind

Joint 24,800 + 1,300 for each 65 and over or blind

Married filing Separate 12,400 + 1,300 for 65 and over or blind

 

But it could be lower if you were claimed as a dependent.  

tagteam
Level 15

What was the standard deduction for 2020

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SweetieJean
Level 15

What was the standard deduction for 2020

Just a note that TT Online (from which you are asking) is just for tax year 2021.

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