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IRS.gov is the gateway to all electronic services offered by the IRS, as well as the spot to download forms if you should choose to file a paper return. Options for e-filing your tax returns—safely, quickly, and easily. If your adjusted gross income was $58,000 or less in 2010, you can use free tax software to prepare and e-file your tax return.
File this form only if you are increasing your standard deduction by certain net disaster losses or new motor vehicle taxes paid in 2010 for certain vehicles purchased in 2009. Form 1040 Filers Only: It may be better for you to itemize your deductions instead. See the Instructions for Schedule A (Form 1040).
Section 63(c)(2) provides the standard deduction for use in filing individual income tax returns. See all standard deductions by year and legislative history.
The standard deduction for taxpayers who don't itemize their deductions on Schedule A (Form 1040) is higher for 2023 than it was for 2022. The amount depends on your filing status. You can use the 2023 Standard Deduction Tables near the end of this publication to figure your standard deduction.
Standard Deduction Amount, 1970-2019. The standard deduction was first adopted in 1944. From 1944-1969, it was equal to 10 percent of adjusted gross income, up to a maximum of $1,000. Beginning in 1985, the blind and those aged 65 or over received larger standard deductions.
The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Your standard deduction consists of the sum of the basic standard deduction and any additional standard deduction amounts for age and/or blindness.
Standard deduction increased. The stand-ard deduction for taxpayers who don't itemize their deductions on Schedule A of Form 1040 or 1040-SR is higher for 2020 than it was for 2019. The amount depends on your filing status. You can use the 2020 Standard Deduction Tables near the end of this publication to figure your standard deduction ...
