Standard Deduction

TaxAct® will use the higher of your itemized deductions or the standard deduction for your filing status to maximize your tax benefit. The total of your itemized deductions is reported on Schedule A (Form 1040) Itemized Deductions, line 17.

The standard deduction for 2023 for each filing status is:

Filing Status Under 65 65 or Older
Single $13,850 $15,700
Head of Household $20,800 $21,150
Married Filing Joint $27,700 $29,200 if one spouse 65 or older
$30,700 if both spouses 65 or older
Married Filing Separate $13,850 $15,700
Qualifying Widow(er)/Qualified Surviving Spouse $27,700 $29,200

However, if you and/or your spouse were blind in 2023, or could be claimed as a dependent by another person, your standard deduction will differ from the above amounts. Refer to IRS Instructions for Form 1040 and 1040-SR, Line 12 on page 31 to verify the standard deduction that you should use.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.