2020 is already coming to an end and it will be time to file income taxes beginning in January 2021.
Here are the Standard deductions for the 1040 tax returns.
Married Filing Jointly and Surviving Spouse $24,800
Head of Household $18,650
Single $12,400
Married Filing Separately $12,400
Dependent Standard Deduction (Min.) $1,100
Additional Amount for Aged or Blind $1,300
Additional Amount for Aged or Blind (Single, not Surviving Spouse) $1,650
Moontree Tax Service Is Here To Help You File Your Taxes! We can do all the tax and bookkeeping online. The process is simple!
- Call or Fill Out A Contact Form.
- We will send you a questionnaire
- We file your taxes based on the questionnaire
- Done!
