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The standard deductions of 20, 800 for head of household seems to be not accurate with this year taxes for 2023

 
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2 Replies
KrisD15
Expert Alumni

The standard deductions of 20, 800 for head of household seems to be not accurate with this year taxes for 2023

That is the Standard Deduction for Head Of Household for Tax Year 2023.

 

STANDARD DEDUCTIONS for Tax Year 2023:

Single ……………………………………..………………..$13,850

Married Filing Jointly ………………………………..$27,700 

Qualifying Surviving Spouse ………………….……$27,700

Married Filing Separately ………………………….$13,850 

Heads of Household ……………………….…………$20,800 

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The standard deductions of 20, 800 for head of household seems to be not accurate with this year taxes for 2023

Are you over 65?  You get an extra 1,850.

 

For 2023 the standard deduction amounts are:

Single 13,850 + 1,850 or 65 and over or blind

HOH 20,800 + 1,850 for 65 and over or blind

Joint 27,700+ 1,500 for each 65 and over or blind

Married filing Separate 13,850 + 1,500 for 65 and over or blind

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