My tax deductions are different from last year
Is the standard deduction the same this year?
For the 2022 tax year, the standard deduction is $12,950 for single filers and married filing separately, $25,900 for joint filers and $19,400 for heads of household.
Standard Tax Deduction: How Much It Is in 2021-2022 and When to Take It.
| Filing status | 2021 tax year | 2022 tax year |
|---|---|---|
| Married, filing jointly | $25,100 | $25,900 |
What is the standard deduction for 2020?
$12,400
The 2020 standard deduction is increased to $24,800 for married individuals filing a joint return; $18,650 for head-of-household filers; and $12,400 for all other taxpayers. Under the new law, no exceptions are made to the standard deduction for the elderly or blind.
How do I determine my standard deduction?
The standard deduction you qualify for depends on your filing status, your age, and whether you’re blind.
How Much Is the Standard Deduction?
| Filing Status | Deduction Amount |
|---|---|
| Head of Household | $18,800 |
| Married Filing Jointly | $25,100 |
| Married Filing Separately | $12,550 |
| Qualifying Widow(er) | $25,100 |
How can I increase my tax refund?
Maximize your tax refund in 2021 with these strategies:
- Properly claim children, friends or relatives you’re supporting.
- Don’t take the standard deduction if you can itemize.
- Deduct charitable contributions, even if you don’t itemize.
- Claim the recovery rebate if you missed a stimulus payment.