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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.
For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).
For single taxpayers and married individuals filing separately, the standard deduction will increase to $12,950 — up $400. The deduction for heads of household will rise to $19,400, a $600 increase.
The 2022 standard deductions for all filing statuses are as follows:Single: $12,950 (up from $12,550 in 2021)Head of Household: ... For 2022, personal exemptions remain at zero, just like in 2021 ...
Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022, bringing their total standard deduction to $14,700. ... The dependent must be your child ...
In 2021, for instance, heads of households were entitled to an $18,800 standard deduction, compared to $12,550 for single filers. In 2015, according to the Census Population Survey, 76% of head of household filers were women. [1]