2018 Tax Law Changes
2018 - Standard Deduction
The Act increases the base standard deduction from the inflation adjusted levels that applied in 2017 to: $12,000 for Single, Qualifying widower and Married filing separately taxpayers. $24,000 for married taxpayers filing Joint returns, $18,000 for taxpayers filing as Head of Household. The additional standard deduction available to taxpayers who are age 65 or older and or blind remain unchanged. For 2018 the additional amount is $1,300 for married taxpayers and $1,600 for unmarried taxpayers.
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