Tax Topic

Standard deduction

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

	Single	$12,400 (up from $12,200 in 2019)
	Married filing jointly, qualified widow(er)	$24,800 (up from $24,400 in 2019)
	Married filing separately	$12,400 (up from $12,200 in 2019)
	Head of household	$18,650 (up from $18,350 in 2019)

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