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New Member
posted Feb 7, 2024 3:26:04 PM

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
Expert Alumni
Feb 7, 2024 3:29:43 PM

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 

Level 15
Feb 7, 2024 3:41:36 PM

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