WEBStandard deduction increased. The stand-ard deduction for taxpayers who don't itemize their deductions on Schedule A of Form 1040 is higher for 2017 than it was for 2016. The amount depends on your filing status. You can use the 2017 Standard Deduction Tables near the end of this publication to figure your stand-ard deduction. Reminders
WEBStandard deduction. For 2017, the standard deduction has in-creased to $6,350 if single; $12,700 if married filing jointly or qualifying widow(er); $6,350 if mar-ried filing separate returns; and $9,350 if head of household. Mailing your return. If you live in Connecticut, the District of Colum-bia, Maryland, Pennsylvania,
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2017 Tax Brackets | Center for Federal Tax Policy - Tax Foundation
WEBNov 10, 2016 · Standard Deduction and Personal Exemption. The standard deduction for single filers will increase by $50 and $100 for married couples filing jointly (Table 4). The personal exemption for 2017 remains the same at $4,050.
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Topic no. 551, Standard deduction | Internal Revenue Service
WEBTopic no. 551, Standard deduction. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Your standard deduction consists of the sum of the basic standard deduction and any additional standard deduction amounts for age and/or blindness.
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What Is the Standard Deduction for 2017? | The Motley Fool
WEBFeb 5, 2017 · The standard deduction for 2017 is $6,350 for single taxpayers and $12,700 for married taxpayers filing joint returns. However, there's a chance it could change before next tax season, and no...
WEBStandard Deduction. TaxAct® will use the higher of your itemized deductions or the standard deduction for your filing status to maximize your tax benefit. The total of your itemized deductions is reported on Schedule A, Line 29. The standard deduction for 2017 for each filing status is:
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What is the standard deduction? | Tax Policy Center
WEBFor example, in 2017, the standard deduction was $12,700 for a married couple filing jointly, $6,350 for a single or married filing separately filer, and $9,350 for a head of household; each personal exemption was $4,050.
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6. Standard Deduction | Standard Dedutions by Year | Tax Notes
WEBNear the end of each year, the IRS issues a revenue procedure containing inflation-adjusted standard deductions for the following tax year. Below are the inflation-adjusted standard deduction amounts by year dating back to 1992.
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Standard Deduction and Tax Computation - IRS tax forms
WEBFor taxable years beginning after December 31, 2017 and before January 1, 2026, there is a deduction for "pass through" businesses. Sole proprietors are categorized as "pass through" businesses. • A sole proprietor will be able to take up to 20% of qualified business income (QBI) as a deduction on the tax return.
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2017 Tax Brackets, Standard Deduction, Personal Exemption, …
WEBNov 21, 2016 · The 2017 standard deduction amounts will be as follows: Single or married filing separately: $6,350. Married filing jointly: $12,700. Head of household: $9,350. The additional standard deduction for people who have reached age 65 (or who are blind) is $1,250 for married taxpayers or $1,550 for unmarried taxpayers.
