Will we pay more taxes in 2021?

The standard deduction for the 2021 tax year is $12,550 for single taxpayers, up $150 from 2020, and $25,100 for married couples, up $300 from 2020. Singles and heads of households 65 or older get an extra $1,700 tacked on to the 2021 standard deduction, up $50 from 2020.May 18, 2021

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