Increases in Standard Deductions for Tax Year 2022

• The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.

• For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400

• For heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.

Before the Tax Cut and Jobs Act, taxpayers were allowed a deduction for each individual claimed on the tax return (taxpayer(s) and their dependents). That deduction has not been restored, and remains at $0 for tax year 2022 as it has since 2018.