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The Daily Insight

What was the standard deduction for tax year 2017?

Author

John Thompson

Published Feb 10, 2026

$6,350
The standard deduction for 2017 is $6,350 for single taxpayers and $12,700 for married taxpayers filing joint returns.

What is the standard deduction for a married couple for your 2017 tax returns?

$12,700
For taxpayers who don’t itemize, the standard deduction for 2017 depends on their filing status: Single — $6,350. Married Filing Jointly — $12,700.

What are the tax tables for 2017?

Estimated Income Tax Brackets and Rates

RateTaxable Income BracketTax Owed
10%$0 to $9,32510% of Taxable Income
15%$9,325 to $37,950$932.50 plus 15% of the excess over $9,325
25%$37,950 to $91,900$5,226.25 plus 25% of the excess over $37,950
28%$91,900 to $191,650$18,713.75 plus 28% of the excess over $91,900

What were the tax rates in 2017?

Rate Taxable Income Bracket Tax Owed 10% $0 to $13,350 10% of taxable income 15% $13,350 to $50,800 $1,335 plus 15% of the excess over $13,350 25% $50,800 to $131,200 $6,952.50 plus 25% of the excess over $50,800 28% $131,200 to $212,500 $27,052.50 plus 28% of the excess over $131,200 33% $212,500 to $416,700 …

How much were personal exemptions in 2017?

A personal exemption is an amount of money that you could deduct for yourself, and for each of your dependents, on your tax return. The personal exemption, which was $4,050 for 2017, was the same for all tax filers. Unlike with deductions, the amount of exemptions you could claim did not depend on your expenses.

How much is the personal exemption 2017?

The personal exemption amount for 2017 is $4,050. However, the total personal exemptions to which you’re entitled will be phased out (i.e., reduced and eventually eliminated) as your adjusted gross income (i.e., the last line of the first page of your Form 1040) moves through a certain range.

What is the IRS Form for tax year 2017?

U.S. Individual Income Tax Return 2017 OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. For the year Jan. 1–Dec. 31, 2017, or other tax year beginning , 2017, ending , 20 See separate instructions. Your first name and initial Last name Your social security number

When do I need to turn in my 2017 tax return?

If you are a nonresident alien and earn wages subject to U.S. income tax withholding, your 2017 U.S. income tax re- turn (Form 1040NR or Form 1040NR-EZ) is due by: April 17, 2018, if you use a calendar year; or The 15th day of the 4th month after the end of your fiscal year if you use a fiscal year.

What are the income tax brackets for 2017?

The AMT is levied at two rates: 26 percent and 28 percent. The AMT exemption amount for 2017 is $54,300 for singles and $84,500 for married couples filing jointly (Table 7). Source: IRS. In 2017, the 28 percent AMT rate applies to excess AMTI of $187,800 for all taxpayers ($93,900 for unmarried individuals).

Is the standard deduction for 2017 the same as 2017?

Source: IRS. The standard deduction for single filers will increase by $50 and $100 for married couples filing jointly (Table 4). The personal exemption for 2017 remains the same at $4,050. Source: IRS. PEP and Pease are two provisions in the tax code that increase taxable income for high-income earners.