What are the Standard Deduction for 2020? - Ask TaxGuru

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05-09-2020, 04:48 PM

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What are the Standard Deduction for 2020?

In tax year 2020, the IRS is raising the standard deduction to $12,400 for individuals (from $12,200) and to $24,800 for married joint filers (from $24,400).

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