Log in Subscribe

The New Standard Deduction for the 2021 Tax Year

By BARRY LISAK
Posted 2/23/22

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 2021 tax year under the TCJA, the standard deduction dollar amounts increased to:

  • $25,100 for MFJ and surviving spouses

This item is available in full to subscribers.

Please log in to continue

Log in