[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/","headline":"Standard Deduction Amounts for 2023","name":"Standard Deduction Amounts for 2023","description":"When it comes to deductions on your individual tax return, you have two options:...","datePublished":"2020-02-16","dateModified":"2022-10-19","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/standard-deduction.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/standard-deduction.jpg","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/","about":["Personal Taxes"],"wordCount":73,"keywords":["schema","annual updates"],"articleBody":"When it comes to deductions on your individual tax return, you have two options:Take the standard deductionItemize your deductionsThe vast majority of taxpayers take the standard deduction since it’s available to all taxpayers and most taxpayers don’t have enough itemized deductions to exceed their standard deduction.Standard Deduction Amounts.simple_table-29029 table tr th{\ttext-align: center;\t\t}.simple_table-29029 table tr td{\ttext-align: center;\t\t}2021-2023 Standard Deduction AmountsFiling Status2023202220212020Single$13,850$12,950$12,550$12,400Married Filing Jointly or Qualifying Widow(er)$27,700$25,900$25,100$24,800Married Filing Separately$13,850$12,950$12,550$12,400Head of Household$20,800$19,400$18,800$18,650"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Taxes","item":"https:\/\/moneydoneright.com\/taxes\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Personal Taxes","item":"https:\/\/moneydoneright.com\/taxes\/\/personal-taxes\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Standard Deduction Amounts for 2023","item":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/#breadcrumbitem"}]}]