Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction,[1] but usually choose whichever results in the lesser amount of tax payable.[2] The standard deduction is available to individuals who are US citizens or resident aliens. The standard deduction is based on filing status and typically increases each year, based on inflation measurements from the previous year. It is not available to nonresident aliens residing in the United States (with few exceptions, for example, students from India on F1 visa status can use the standard deduction[3]). Additional amounts are available for persons who are blind and/or are at least 65 years of age.[4]
The standard deduction is distinct from the personal exemption, which was eliminated by the Tax Cuts and Jobs Act of 2017 for tax years 2018–2025.[5]
^"The IRS Standard Deduction In 2022 For U.S Expats". The KZ Group. 2022-04-21. Retrieved 2022-11-10.
^Samuel A. Donaldson, Federal Income Taxation of Individuals: Cases, Problems and Materials, 2nd Edition (St. Paul: Thomson/West, 2007), 27, 29.
^"IRS Courseware - Link & Learn Taxes". apps.irs.gov. Retrieved 2022-05-10.
^I.R.C. §§ 63(c)(3), 63(f)(1)(A), 63(f)(2)
^IRC § 151
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Under United States tax law, the standarddeduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other...
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increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly...
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tax structure acts as a nearly flat tax on wage income beyond the standarddeduction." Additionally, it recommends reducing the corporate tax rate to 18%...
exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently...
minimum standarddeduction was temporarily increased to $1,900 (joint returns) for one year. For one year, the percentage standarddeduction was increased...
automatic standarddeduction or else can choose to itemize their deductions. Two single people filing separate returns can each choose the deduction policy...
the minimum standarddeduction from $1,000 to $1,300. Scheduled increases in the personal exemption amount and percentage standarddeduction were accelerated...
either a fixed standarddeduction or itemized deductions. One personal exemption is allowed per taxpayer, and additional such deductions are allowed for...
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