The standard deduction for married couples filing jointly for tax year
2021 is increasing to $25,100, up $300 from the previous year. Filers age 65 and older get an additional amount of $1300.
For single taxpayers and married individuals who file separately, the standard deduction is increasing to $12,550 for 2021, up $150.
For heads of households, the standard deduction will be $18,800, up $150.
Remember that the personal exemption was eliminated as part of the Tax Cuts and Jobs Act of 2017.
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