STANDARD DEDUCTION HAS BEEN INCREASED
Updated: Sep 18, 2019
Standard Deduction is offered to all tax payers. Taking the standard deduction could put you into a lower tax bracket depending on your situation.
- Single Filer: $12,000
- Married filing jointly: $24,000
- Married filing separately: $12,000
- Head of Household: $18,000
- Age 65 or over, blind or disabled: worth an additional $1,300. ($1,600 for unmarried taxpayers)