what is standard deduction for 2022

9 months ago 82
Nature

The standard deduction for 2022 is as follows:

  • Single or Married Filing Separately: $12,950
  • Married Filing Jointly or Qualifying Widow(er): $25,900
  • Head of Household: $19,400

For 2023, the standard deduction amounts are:

  • Single or Married Filing Separately: $13,850
  • Married Filing Jointly or Qualifying Widow(er): $27,700
  • Head of Household: $20,800

For 2024, the standard deduction amounts are:

  • Single or Married Filing Separately: $14,600
  • Married Filing Jointly or Qualifying Widow(er): $29,200
  • Head of Household: $21,900

These amounts are subject to change each year to account for inflation and other tax-related adjustments