Further, it's usually not worth doing unless the deductible amount is higher than the standard deduction ($29,200) for married couples who file jointly. Filing separately would allow both spouses ...

The recent tax and spending bill passed by the U.S. House aims to make Trump's 2017 tax cuts permanent, introducing ...

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples filing jointly and $ ...

Susan is blind; Jim is not. For 2024, they’ll get the regular standard deduction of $29,200 for a married couple filing jointly. They also both get an additional standard deduction amount of $ ...

For tax year 2024, the standard deduction is $29,200 for married couples filing jointly and $14,600 for single taxpayers and married individuals filing separately. Married taxpayers who are 65 and ...

The Internal Revenue Service (IRS) has announced a new standard deduction for married couples filing jointly for the tax years 2024 & 2025. TRAVERSE CITY, MI, UNITED STATES, October 11 ...

Before the TCJA, the 2018 amounts for single filers and married filing joint couples were $6,500 and $12,000, respectively. After the TCJA was enacted, the base standard deduction amounts jumped ...

an additional $1,950 Married filing jointly: an additional $1,550 So for example, a 68-year-old single filer would claim a $16,550 standard deduction for tax year 2024. What do you think so far?

The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly. Need a break? Play the USA TODAY Daily Crossword Puzzle. For heads of households, the ...

Taxpayers can reduce the amount they pay in taxes by taking deductions when filing their returns. There are two ways you can file: By taking the standard deduction or by itemizing your specific ...

Filing taxes jointly results in savings for most married couples. Joint filers get double the standard deduction and have full access to valuable deductions and credits. There are times when it ...