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New Member
posted May 17, 2021 6:50:58 PM

head of household standard deduction

Does the head of household standard deduction decrease as income increases?

0 2 433
2 Replies
Level 15
May 17, 2021 6:53:57 PM

No.

 

 

2020 Standard Deduction Amounts

 

Single $12,400   (+ $1650 65 or older)

Married Filing Separate  $12,400   (+ $1300 if 65 or older)

Married Filing Jointly $24,800   (+ $1300 for each spouse 65 or older)

Head of Household $18,650  (+ $1650 for 65 or older)

New Member
May 17, 2021 7:59:03 PM

@xmasbaby0 Level 15

 

Thanks so much!