2019 & 2018 Standard Deduction

What is the 2019 Standard Deduction

The 2019 tax bracket including 2019 standard deduction has just been announced. Under the Internal Revenue Code , a taxpayer can get tax relief in form of standard deduction or itemized deduction . But the rule is that you can chose either to claim  itemize deductions or  standardized deductions. So here is the 2019 standard deduction table including the 2018 standard deduction.

2019 Standard IRS Tax Deduction Table

Filing Status Standard Deduction

Single

$12,200

Head of Household

$18,350

Married Filing Separately

$12,200

Married Filing Jointly

$24,400

Qualifying Widow(er)

$24,400

Previous Tax Year 2018 Standard Deduction Table

Filing Status Standard Deduction

Single

$12,000

Head of Household

$18,000

Married Filing Separately

$12,000

Married Filing Jointly

$24,000

Qualifying Widow(er)

$24,000

 

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