What is the standard deduction?

You can take either the standard deduction or you can itemize your tax-deductible expenses.

The standard deduction for 2018 depends on your marital status, as follows:

Filing status Standard deduction
Single $12,000
Head of Household $18,000
Married filing joint or
qualifying widow(er)
$24,000
Married filing separate $12,000

 

Additional standard deduction

You are also allowed an additional standard deduction amount if you and/or your spouse is 65 or older or blind. Contact our Customer Service Representative to discuss your individual situation to determine your exact amount of additional standard deduction.