For tax year 2020, the standard deduction went up slightly to adjust for inflation. Standard Deduction.
Filing Status | 2019 | 2020 |
---|---|---|
Single | $12,200 | $12,400 |
Married Filing Jointly | $24,400 | $24,800 |
Married Filing Separately | $12,200 | $12,400 |
For tax year 2020, the standard deduction went up slightly to adjust for inflation. Standard Deduction.
Filing Status | 2019 | 2020 |
---|---|---|
Single | $12,200 | $12,400 |
Married Filing Jointly | $24,400 | $24,800 |
Married Filing Separately | $12,200 | $12,400 |