Tax Topic

Standard deduction

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

	Single	$13,850 (up from $12,950 in 2022)
	Married filing jointly, qualified widow(er)	$27,700 (up from $25,900 in 2022)
	Married filing separately	$13,850 (up from $12,950 in 2022)
	Head of household	$20,800 (up from $19,400 in 2022)

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