What is the standard deduction for 2018 tax year?
Emma Jordan
Published Apr 06, 2026
The standard deduction amounts will increase to $12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses. For 2018, the additional standard deduction amount for the aged or the blind is $1,300.
What is the tax tables for 2018?
2018 Income Tax Brackets
| Rate | Individuals | Married Filing Jointly |
|---|---|---|
| 12% | $9,526 to $38,700 | $19,051 to $77,400 |
| 22% | 38,701 to $82,500 | $77,401 to $165,000 |
| 24% | $82,501 to $157,500 | $165,001 to $315,000 |
| 32% | $157,501 to $200,000 | $315,001 to $400,000 |
What is the standard deduction for tax year 2020?
$12,400
In 2020 the standard deduction is $12,400 for single filers and married filing separately, $24,800 for married filing jointly and $18,650 for head of household.
How much is the standard deduction for 2018?
How much the standard deduction amounts for 2018 went up Filing Status Standard Deduction for 2018 Tax Year Change from 2017 Single $12,000 +$5,650 Married filing jointly $24,000 +$11,300 Head of household $18,000 +$8,650 Married filing separately $12,000 +$5,650
Can You claim personal exemption deduction for 2018?
For 2018, you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. Standard deduction increased. The stand- ard deduction for taxpayers who don’t itemize their deductions on Schedule A of Form 1040 is higher for 2018 than it was for 2017.
What is the standard deduction for Married Filing Jointly?
Table 2. 2018 Standard Deduction and Personal Exemption Filing Status Deduction Amount Single $12,000 Married Filing Jointly $24,000 Head of Household $18,000
What are the 2018 tax deductions for medical savings accounts?
Medical Savings Accounts (MSA). For 2018, a high-deductible health plan (HDHP) is one that, for participants who have self-only coverage in an MSA, has an annual deductible that is not less than $2,300 but not more than $3,450; for self-only coverage, the maximum out-of-pocket expense amount is $4,550.
