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February 5, 2021
Question

What is the standard deduction for 2020 tax year?

  • February 5, 2021
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What is the standard deduction amount for a Single person filing a 2020 tax return?

1 reply

CatinaT1
February 5, 2021

For 2020, a single taxpayer receives the standard deduction of $12,400. The additional standard deduction for a single taxpayer who is 65 or over is $1,650, making your total standard deduction $14,050.

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