SIZE  

PRINT   |    

2017 Standard Deductions & Exemptions*

Taxpayers who do not itemize their deductions are entitled to a standard deduction. The amount of the standard deduction varies according to the taxpayer's filing status.

2017 Standard Deduction
Married, Filing Jointly $12,700
Single $6,350
Married, Filing Separately $6,350
Head of Household $9,350
Blind or over 65 and married – add: $1,250
Blind or over 65 and single/head of household – add: $1,550

Individuals are entitled to a personal exemption amount.

2017 Exemption Amount
2017 Personal Exemption $4,050
Itemized Deduction/Personal Exemption Phaseout
Married, Filing Jointly $313,800
Single $261,500
Married, Filing Separately $156,900
Head of Household $287,650

*Source: www.IRS.gov. Information provided in this Tax Information Guide is general in nature and is not meant to offer tax advice. You should consult your own tax advisor for more complete information.

top

My Personal Folder

View   |  Save Page

GET A QUOTE

See how affordable term life insurance can be:

submit
LOCATE AN OFFICE/AGENT


CONTACT US

Itís easy and convenient to reach us.


Last Updated: 12/14/2017