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The standard deduction amounts for 2023 are: Single: $13,850; Married filing jointly: $27,700; Head of household: $20,800; Married filing separately (if eligible): $13,850
The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700 up $1,800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $13,850 for 2023, up $900, and for heads of households, the standard deduction will be $20,800 for tax year 2023, up $1,400 ...
For 2023, they’ll get the regular standard deduction of $27,700 for a married couple filing jointly. They also both get an additional standard deduction amount of $1,500 per person for being ...
Married Filing Jointly. You can choose married filing jointly as your filing status if you are considered married and both you and your spouse agree to file a joint return. On a joint return, you and your spouse report your combined income and deduct your combined allowable expenses.
The 2023 standard deduction for couples married filing jointly is $27,700 (up $1,800 from $25,900 in tax year 2022). For those filing head of household the standard deduction will be $20,800 for tax year 2023 (up $1,400 from $19,400 amount for tax year 2022).
2023 tax rates for a single taxpayer. For a single taxpayer, the rates are: Here’s how that works for a single person earning $58,000 per year: 2023 tax rates for other filers. Find the current tax rates for other filing statuses. Married filing jointly or qualifying surviving spouse. Married filing separately. Head of household. See the . Related.
The 2023 standard deduction was $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of household.