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2022 Federal Income Tax Brackets, Rates, & Standard Deductions
https://www.irs.com/en/2022-federal-income-tax-brackets-rates-standard-deductions/
Web ResultFeb 21, 2022 · There are two main types of tax deductions: the standard deduction and itemized deductions. The IRS allows you to claim one type of tax deduction, but not both, so you should choose whichever type of deduction gives you the biggest tax reduction. Here are the 2022 standard deduction amounts for each …
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IRS provides tax inflation adjustments for tax year 2022
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022
Web ResultNov 10, 2021 · For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.
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IRS Announces 2022 Tax Rates, Standard Deduction Amounts And More - Forbes
https://www.forbes.com/sites/ashleaebeling/2021/11/10/irs-announces-2022-tax-rates-standard-deduction-amounts-and-more/
Web ResultNov 10, 2021 · The standard deduction amount for the 2022 tax year jumps to $12,950 for single taxpayers, up $400, and $25,900 for a married couple filing jointly, up $800.
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Publication 501 (2023), Dependents, Standard Deduction, and …
https://www.irs.gov/publications/p501
Web ResultThe 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.
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Standard Deduction 2023-2024: Amounts, When to Take - NerdWallet
https://www.nerdwallet.com/article/taxes/standard-deduction
Web ResultMar 18, 2024 · The 2023 standard deduction for tax returns filed in 2024 is $13,850 for single filers, $27,700 for joint filers or $20,800 for heads of household. People 65 or older may be eligible for a...
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Topic no. 551, Standard deduction | Internal Revenue Service
https://www.irs.gov/taxtopics/tc551
Web ResultThe 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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Standard Deduction Amounts 2022-2023: How Much It Is | Bankrate
https://www.bankrate.com/taxes/standard-tax-deduction-amounts/
Web ResultMar 2, 2023 · 2022 standard deduction amounts. Here is the standard deduction for each filing type for tax year 2022. 2023 standard deduction amounts. Here is the standard deduction for each filing...
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2022 Tax Brackets and Federal Income Tax Rates | Tax Foundation
https://taxfoundation.org/data/all/federal/2022-tax-brackets/
Web ResultNov 10, 2021 · The standard deduction will increase by $400 for single filers and by $800 for joint filers (Table 2). The personal exemption for 2022 remains at $0 (eliminating the personal exemption was part of the Tax Cuts and Jobs Act of 2017 (TCJA). Alternative Minimum Tax (AMT)
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Inflation Adjustments Bring Higher Standard Deduction for 2022 …
https://www.investopedia.com/irs-announces-tax-brackets-and-other-inflation-adjustments-for-tax-year-2022-5209190
Web ResultNov 11, 2021 · Standard Deduction. The standard deduction—which is claimed by the vast majority of taxpayers—will increase by $800 for married couples filing jointly, going from $25,100 for 2021 to...
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Standard Deductions for 2023-2024 Taxes: Single, Married, Over …
https://www.forbes.com/advisor/taxes/standard-deduction/
Web ResultMar 11, 2024 · Each year when you fill out your federal income tax return, you can either take the standard deduction or itemize deductions to reduce your taxable income. The overwhelming majority of...
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