2018 Standard Deduction and Personal Exemptions

For the 2019 tax filing season (for 2018 tax year), the standard deduction has been increased.  However, the Personal exemptions are reduced to zero under the Tax Cuts and Jobs Act (TCJA) until 2025.

Filing Status Age at End of Year 2017 Gross Income Filing Threshold 2018 Gross Income Filing Thereshold
Single Under 65 $10,400 $12,000
65 or older $11,950 $13,600
Married filing jointly Under 65 (both spouses) $20,800 $24,000
65 or older (one spouse) $22,050 $25,300
65 or older (both spouses) $23,300 $26,600
Head of household Under 65 $13,400 $18,000
65 or older $14,950 $19,600

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  1. Pingback: 2018 Tax Reform

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