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The Standard-Deduction Advantage Under TCJA

By BARRY LISAK
Posted 3/9/20

As most individuals and tax professionals know by now, the standard deduction almost doubled under the Tax Cuts and Jobs Act (TCJA) for the single, married filing jointly (MFJ), married filing separately (MFS), head of household (HOH) and surviving spouse filing statuses. For the 2019 tax year under the TCJA, the standard deduction dollar amounts increased to:

  • $24,400 for MFJ and surviving spouses

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