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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

3. IRS announces higher standard deduction, new tax ... - AOL

   www.aol.com/irs-announces-higher-standard...

   The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 ...

4. I’m an Accountant: 7 Things Couples Filing Taxes Jointly ...

   www.aol.com/m-accountant-7-things-couples...

   In 2023, the standard deduction for a married couple filing jointly was $27,700, while for a married couple filing separately, it was only $13,850. For 2024, those deductions increase to $29,200 ...

5. IRS sets higher standard deduction, new tax brackets for 2025

   www.aol.com/irs-sets-higher-standard-deduction...

   The standard deduction climbs to $30,000 − up $800 from 2024 − for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 ...

6. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.

7. Marriage penalty - Wikipedia

   en.wikipedia.org/wiki/Marriage_penalty

   The marriage penalty in the United States refers to the higher tax rate applicable to the lower-earning spouse when a married couple files jointly, as compared to if the spouses each filed his or her tax return using “single” status. There is also a marriage bonus that applies in other cases if the couple jointly is taxed at a lower ...

8. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/difference-between-standard...

   When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. Check Out: 8 IRS Secrets To Know for the 2023 Tax Filing SeasonMore: 3 ...

9. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...