Tax Topic

Standard deduction

The 2017 Tax Cut and Jobs Act nearly doubled the standard deduction. The standard deduction for 2020 is:

	Single	$12,950 (up from $12,550 in 2021)
	Married filing jointly, qualified widow(er)	$25,900 (up from $25,100 in 2021)
	Married filing separately	$12,950 (up from $12,550 in 2021)
	Head of household	$19,400 (up from $18,8000 in 2021)

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