Standard Deductions

Standard deductions for 2019 include:

  • $12,200 for singles and separate filers
  • $18,350 for heads of households
  • $24,400 for married couples filing jointly

Planning Opportunities

The current standard deduction amounts could cause fewer taxpayers to itemize deductions and may encourage the use of a so-called bunching strategy. With this approach, permitted itemized deductions, such as charitable donations, are saved up and paid in larger amounts in a single year to reach a total that exceeds the standard deduction.

If you choose to itemize your deductions, you can learn more about the opportunities in the section on Other Deductions and Credits.

More Resources


Alert
Tax reform will have a varying impact on the deductibility of charitable giving in 2018 and beyond.