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Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.
This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.
Filing taxes for 2023 can feel overwhelming, but with the right guidance, you can determine how to navigate through standard deductions, credits, cuts, federal taxes, state taxes and whatever else ...
That option can work for many with W-2 income and those taking the standard deduction. Tax filers who qualify for TurboTax Free Edition, Nolan said, can file at no cost, well beyond the mobile app ...
The IRS gives taxpayers two options to lower taxable income: itemize deductions or take the standard deduction. The standard deduction for married taxpayers filing jointly is $25,900, up from $800...
Tax credits and deductions were already confusing many of us before all of this year's substantial changes. Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3...
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