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New Member
posted Jun 1, 2019 4:50:43 PM

Why did my standard Federal deductions go down from 2017 to 2018 when I made more money in 2018?

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2 Replies
Level 15
Jun 1, 2019 4:50:45 PM

Actually, the Federal Standard deduction went up (by a lot) from 2017 to 2018.  Do you mean something else, like taxes withheld?  They generally went down under the new tax law.

Level 15
Jun 1, 2019 4:50:46 PM

For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over or blind
HOH 18,000 + 1,600 for 65 and over or blind
Joint 24,000+ 1,300 for each 65 and over or blind
Married filing Separate 12,000 + 1,300 for 65 and over or blind