Tax Topic

Standard deduction

The 2017 Tax Cut and Jobs Act nearly doubled the standard deduction. The standard deduction for 2018 is:

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Single $12,000 (up from $6,350 in 2017)
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Married filing jointly, qualified widow(er)   $24,000 (up from $12,700 in 2017)
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Married filing separately $12,000 (up from $6,350 in 2017)
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Head of household $18,000 (up from $9,350 in 2017)







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