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The standard deduction for taxpayers who don't itemize their deductions on Schedule A (Form 1040) is higher for 2023 than it was for 2022. The amount depends on your filing status. You can use the 2023 Standard Deduction Tables near the end of this publication to figure your standard deduction.
Find out how to calculate your standard deduction for 2023 based on your filing status and income. See the 2023 Standard Deduction Tables near the end of this publication and get other tax information for dependents, filing status, and more.
Learn how to claim the standard deduction for taxpayers over 65 or blind, and how it varies by filing status and year. See the amounts for 2023 and 2024, and compare them with itemized...
The IRS provides details about the annual adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes for tax year 2023. See the standard deduction, marginal rates, alternative minimum tax, earned income tax credit, and other amounts for 2023.
Learn how to calculate your standard deduction based on your filing status, age, and blindness. Find out the additional standard deduction amounts for taxpayers over 65 and how they change...
The standard deduction for tax year 2023 increases by 7% for most filing statuses, and by 10% for those who are 65+ or blind. The IRS also adjusts income tax brackets, capital gain rates, EITC, and other tax benefits for inflation.
Learn how the standard deduction works and how much it is for different filing statuses in 2023 and 2024. Find out who is eligible for an extra standard deduction and when to claim it on...