If you’re at least 65 years old or blind, you can claim an additional standard deduction of $1,400 in 2022 ($1,750 if you’re claiming the single or head of household filing status). 2022 Standard Deduction Amounts.
|Filing Status||2022 Standard Deduction|
|Head of Household||$19,400|
What are standard deductions for 2021?
- 2021 Standard Deductions. The deduction set by the IRS for 2021 is: $12,550 for single filers. $12,550 for married couples filing separately.
- 2022 Standard Deductions. The deduction set by the IRS for 2022 is: $12,950 for single filers. $12,950 for married couples filing separately.
Why did I get an extra Social Security payment this month 2021?
Social Security benefits are getting their biggest increase in 40 years this month, thanks to soaring inflation in 2021. A new cost of living adjustment has increased payments by 5.9%, about $93 more per month on average for seniors and other beneficiaries, or $1,116 more per year.
Will Social Security get a $200 dollar raise in 2021?
Which Social Security recipients will see over $200? If you received a benefit worth $2,289 per month in 2021, then you will see an increase worth over $200. People who get that much in benefits worked a high paying job for 35 years and likely delayed claiming benefits.