Standard Deduction 2021-2022: How Much Is It?

The standard deduction is the amount taxpayers can subtract from income if they don’t break out deductions for mortgage interest, charitable contributions, state and local taxes and other items separately on Schedule A. Listing these deductions separately is called “itemizing.”

For 2021, the standard deduction is $12,550 for single filers and $25,100 for married couples filing jointly. For 2022, it is $12,950 for singles and $25,900 for married couples.

Source: https://www.wsj.com/articles/what-is-standard-deduction-2021-2022-how-much-11646425372?siteid=yhoof2&yptr=yahoo