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Standard deduction in 2023 70-year-old single individual $13,850 + $1,850 = $15,700 40-year-old single individual who is blind $13,850 + $1,850 = $15,700 Married couple, ages 78 and 80, one of whom is blind $27,700 + $1,500 + $1,500 + $1,500 = $32,200 Dependent who earns $200 in 2023 $1,250 (minimum standard deduction for dependents)
Standard deduction: Single taxpayers are eligible for a $12,550 deduction for the 2021 tax year and a $12,950 deduction for the 2022 tax year. ... People. The most shocking snubs and surprises of ...
For tax year 2021, the standard deduction for single filers and married people filing separately is $12,550, a $250 increase from 2020. Married taxpayers filing jointly can deduct $25,100, up $300 ...
Taxpayers who are blind or at least 65 are eligible to claim an additional $1,550 standard deduction for 2021 if they are married, or $1,950 if filing as single or head of household. The deduction ...
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]
The standard deduction for tax year 2021 is $25,100 for married couples filing jointly and for qualified widows and widowers under age 65 ($26,450 if age 65 or older). ... Single filers are ...
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For most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions. See how much you can deduct on your next tax return.
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