Federal Standard Deduction

Standard deduction amount for the next filing year. Along with it, see if you qualify for any above-the-line deductions that you can still claim with the standard deduction.

  • Jan- 2022 -
    31 January
    Notebook showing tax deductions with laptop on the side

    Standard Deduction Every Filing Status

    The Internal Revenue Service recently announced the standard deduction that’s going to be effective for the 2022 tax year, which…

  • Nov- 2021 -
    5 November
    Standard Deduction or Itemized Deductions 2022

    Standard Deduction or Itemized Deductions 2022

    The standard deduction and itemized deduction are a never-ending tale. Which one you should claim on your federal income tax…

  • Oct- 2021 -
    22 October
    Standard Deduction 2022 - Every Filing Status

    Standard Deduction 2022 – Every Filing Status

    The standard deduction undoubtedly carries the most significant importance as far as reducing the taxable income goes for the majority…

  • Jun- 2021 -
    2 June
    Food Bank Donation Tax Deduction

    Food Bank Donation Tax Deduction

    There are countless deductions you can take advantage of to reduce taxable income, thus, the amount owed to Uncle Sam.…

  • May- 2021 -
    27 May
    Standard Deduction for Blind and Elderly

    Standard Deduction for Blind and Elderly

    The standard deduction is the most basic deduction out there for all taxpayers that are US citizens, nationals, and resident…

  • Jul- 2020 -
    3 July
    Standard Deduction 2021

    Standard Deduction 2021

    When it comes to lowering taxable income to pay less tax, Americans have two options; take the standard deduction or…

  • Jan- 2020 -
    23 January
    Standard or Itemized Deductions 2020

    Standard or Itemized Deductions 2020

    The Internal Revenue Service announced the federal tax brackets and the standard deduction amount for 2019 taxes that you’ll pay…

  • 9 January
    Standard Deduction 2020

    Standard Deduction 2020

    The standard deduction is one of the main pillars of the American tax code. At the start of most tax…

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