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Updated 2/13/2020

  Internal Revenue Service (IRS) Important Tax Information

Standard Deductions or Itemize Deductions

Since President Trump's Job Act and Tax Cuts (JATC) the Standard Deductions have increased and the allowable Itemized Deductions have changed.

Here are the current Standard Deductions and basic information regarding Itemized Deductions:

Standard Deduction

Joint return/Qualifying widow/widower $24,400
Head of Household $18,350
Single $12,200
Married Filing Separately $12,200
Dependents -minimum deduction $  1,100
Additional deduction if age 65 or older, or blind:

Married-per spouse, filing jointly or separately $ 1,300 ($2,600 for age and blindness)
Qualifying widow/widower $ 1,300 ($2,600 for age and blindness)
Single or Head of Household (HOH) $ 1,650   ($3,300 for age and blindness)