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2018 Standard Deduction and Exemptions

The new tax rules make big changes to the standard deduction and exemptions.
The standard deduction in 2018 as the law currently exists is $13,000 for a couple filing jointly. That number will jump to $24,000 for Married Couples.
For single filers it jumps from $6,500 to $12,000. The 2018 tax law eliminates Personal Exemptions for you and your dependents and spouse and makes up with larger Standard Deductions.

Return to Individual Tax Planning


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Gaithersburg, Maryland 20882


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