Depending on your tax-filing status, you are entitled to take one of the following standard deductions for the 2021 tax year: Single or married filing separately: $12,550. Head of household ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

For 2021 filings, the standard deduction for individuals is increasing even further to $12,550. Married couples will get a standard deduction of $25,100 when they file tax forms this spring ...

For example, you cannot take the standard deduction if: You are considered by the IRS to be a “nonresident alien” or a “dual-status alien” during the tax year. You are married but filing ...

The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly ... smallest ...

A retired law professor and expert on federal taxation argues that Rep. Kevin Kiley’s support of extending the 2017 tax cuts ...