Deductions and Exemptions for 2022
Each new tax year brings updates and changes to key areas important to planning for your tax return. Here are the standard deductions for the current 2022 tax year.
Standard Deductions based on your filing status:
Joint returns & surviving spouses: $25,900
Married filing separately: $12,950
Head of household: $19,400
The standard deduction increases by $1,400 for a married taxpayer aged 65 or older or blind ($2,800 if both 65 and blind); by $1,750 for a single taxpayer aged 65 or older or blind ($3,400 if both 65 and blind).
Personal Exemptions: Suspended through 2025
No personal exemption is allowed to an individual who is eligible to be claimed as a dependent on another taxpayer's return.