The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has increased. The standard deduction amounts for 2023 are:
- $27,700 – Married Filing Jointly or Qualifying Surviving Spouse (increase of $1,800)
- $20,800 – Head of Household (increase of $1,400)
- $13,850 – Single or Married Filing Separately (increase of $900)
Taxpayers who are 65 and Older or are Blind
For 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
- $1,850 for Single or Head of Household (increase of $100)
- $1,500 for married taxpayers or Qualifying Surviving Spouse (increase of $100)
