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Can anyone tell me what is the standard deduction for 2018?

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Can anyone tell me what is the standard deduction for 2018?

Standard deductions are increased in 2018 and the new tax filing session begins this January 29th. For filing taxes due in 2017, you need to use the previous tax laws.

Standard deductions for 2018:

1. Single individuals: $12,000
2. Head of household: $18,000
3. Married filing separately: $12,000
4. Married filing jointly: $24,000

For more details, visit here - hings-are-changing-in-2018-wit...

Best of luck!

Sub: #1 posted on Thu, 01/18/2018 - 23:34

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

As per my knowledge, the standard deductions are rising this year. Just Google it to know the exact figure.

Sub: #2 posted on Fri, 01/19/2018 - 05:10

sanderspatricia29 sanderspatricia29

(Posts: 1220 | Credits: )

Nice article. Well researched. Personal exemptions have been erased. So we all have to depend on standard deduction for saving money.

Another interesting point. Medical expense deduction has been dropped to 7.5%.

Sub: #3 posted on Fri, 01/19/2018 - 22:45

(Posts: 3937 | Credits: )

Standard deduction limits have increased quite a bit. So, gather knowledge and make your choice between standard deduction and itemized deduction.

Sub: #4 posted on Tue, 01/23/2018 - 05:35

Mabelle Page Mabelle Page

(Posts: 262 | Credits: )

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