Deductions for 2017

November 3, 2016

The standard deduction for married filing jointly rises to $12,700 for tax year 2017, up $100 from the prior year.  For single taxpayers and married individuals filing separately, the standard deduction rises to $6,350 in 2017, up from $6,300 in 2016, and for heads of households, the standard deduction will be $9,350 for tax year 2017, up from $9,300 for tax year 2016.

   

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