You can get an even higher standard deduction amount if either you or your spouse is blind. See Form and Form A instructions. Taxable Amount of Social Security Benefits -When preparing your return, be especially careful when you calculate the taxable amount of your Social Security. There are still seven 7 tax rates. Here's how those break out by filing status:. You can compare all of these numbers to the tax tables here.
Standard Deduction Amounts. There will be no personal exemption amount for The personal exemption amount was set to zero 0 under the Tax Cuts and Jobs Act. The alternative minimum tax AMT exemption amounts are adjusted for inflation. Kiddie Tax. The kiddie tax applies to unearned income for children under the age of 19 and college students under the age of Unearned income is income from sources other than wages and salary, like dividends and interest.
Increased Standard Deduction — If you had a net qualified disaster loss and you elect to increase your standard deduction by the amount of your net qualified disaster loss, use Schedule A Form to figure your standard deduction. However, certain individuals who were nonresident aliens or dual status aliens during the year may take the standard deduction in the following cases:.
Refer to Publication , U. Tax Guide for Aliens for more information. Property taxes , state income taxes or sales taxes , and charitable donations can be deductible, too, if you itemize. Run the numbers both ways.
The software or your tax pro can run your return both ways to see which method produces a lower tax bill. See our picks for the year's best tax software.
Filing status. Married, filing jointly. Married, filing separately. Head of household.
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