What Are Tax Deductions? - TurboTax Tax Tips & Videos
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WEBClick to expand. Key Takeaways. • The Standard Deduction for tax year 2023 is $13,850 for single taxpayers; $20,800 for those who file as Head of Household, and $27,700 for Married Filing Jointly. • Additional deductions you can take without itemizing are known as above the line deductions. Reviews: 152.6K
Reviews: 152.6K
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