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Standard deduction: Head of household taxpayers are eligible for a $18,800 deduction for the 2021 tax year and a $19,400 deduction for the 2022 tax year. Qualifying Widow(er) with Dependent Child
January 13, 2022 at 9:07 AM. ... These are the standard deduction amounts for tax year 2021, which you file in 2022: Single: $12,550. Married filing jointly: $25,100.
Standard Deduction for Tax Years 2020 and 2021. Filing Status. Deduction for Tax Year 2020. Deduction for Tax Year 2021. Single. $12,400. $12,550. Married, filing jointly
The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25]
U.S. Individual Income Tax Return Form 1040 for fiscal year 2021. Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the ...
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Tax season 2021: With higher inflation comes higher taxes. That's because certain tax deductions and exemptions aren't indexed to inflation How deductions, exemptions during the 2022 tax season ...
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