As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2022.
Individual Taxpayers: The Year in Review
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Archived Posts: Personal Exemptions
Individual Taxpayers: The Year in Review
As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2021.
Individual Taxpayers: Recap for 2020
Tax Provisions for 2020 As we close out the year and get ready for tax season, here's what individuals and families need to know about tax provisions for 2020. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through 2025. Standard Deductions The standard deduction for married couples filing a joint return in 2020 is $24,800. For singles and married individuals filing separately, it is $12,400, and for heads of household, the deduction is $18,650. The additional...
