
Tax Topic
Standard deduction
The 2017 Tax Cut and Jobs Act nearly doubled the standard deduction. The standard deduction for 2020 is:Single | $12,550 (up from $12,400 in 2020) | |
Married filing jointly, qualified widow(er) | $25,100 (up from $24,800 in 2020) | |
Married filing separately | $12,550 (up from $12,400 in 2020) | |
Head of household | $18,800 (up from $18,650 in 2020) |
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