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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   The standard deduction is distinct from the personal exemption, ... 2016 [14] $6,300 $12,600 $9,300 ... (maximum standard deduction for single filing status in 2023)

3. 6 factors that affect how much income tax you pay - AOL

   www.aol.com/finance/2016-01-05-6-factors-that...

   For tax year 2015, single filers with taxable income of up to $9,225 and married couples filing jointly with taxable income of up to $18,450 are taxed at a rate of 10%. Don't miss these important ...

4. Tax Cuts and Jobs Act - Wikipedia

   en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

   For single filers, the standard deduction will increase from $6,350 to $12,000. About 70% of families choose the standard deduction rather than itemized deductions; this could rise to over 84% if doubled. The personal exemption is eliminated—this was a deduction of $4,050 per taxpayer and dependent, unless it is in an estate or trust. [19 ...

5. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   The personal exemption amount in 1894 was $4,000 ($109,277 in 2016 dollars). The income tax enacted in 1894 was declared unconstitutional in 1895. The income tax law in its modern form—which began in the year 1913—included a provision for a personal exemption amount of $3,000 ($71,764 in 2016 dollars), or $4,000 for married couples.

6. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and ...

7. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   Single filers and heads of households can deduct an additional $1,950. Claiming a standard deduction means that you won’t be able claim any itemized deductions — such as catch-up contributions ...

8. The mortgage interest deduction could save you ... - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   The standard deduction rises almost every year, and it can vary depending on your tax filing status. ... Single and married filing separately: $14,600 ... Say you got a $900,000 mortgage in 2016 ...

9. Head of household - Wikipedia

   en.wikipedia.org/wiki/Head_of_Household

   In 2021, for instance, heads of households were entitled to an $18,800 standard deduction, compared to $12,550 for single filers. In 2015, according to the Census Population Survey, 76% of head of household filers were women. [1]