Client Resource Center

Practical answers for your questions

PO Box 1177 • Newburgh, IN 47629-1177
Phone: 812-641-0477 • Fax: (812) 510-4467

2022 Deductions and Exemptions

Standard Deduction1Deduction

  • Single: $12,950
  • Joint returns & surviving spouses: $25,900
  • Married filing separately: $12,950
  • Head of household: $19,400

The standard deduction increases by $1,400 for a married taxpayer aged 65 or older or blind ($2,800 if both 65 and blind); by $1,750 for a single taxpayer aged 65 or older or blind ($3,400 if both 65 and blind).

Personal Exemptions: Suspended through 2025

No personal exemption is allowed to an individual who is eligible to be claimed as a dependent on another taxpayer's return.


Questions about your financial situation?

Loading...