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June 6, 2019
Question

Was the 2017 tax bill retro activated? I thought it was, but I saw the standard deduction for married filing jointly was still only $12,600 not the $24,000.

  • June 6, 2019
  • 1 reply
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1 reply

DoninGA
Employee
June 6, 2019

No it was not retroactive to 2017.  Standard deduction increases are for tax year 2018 and beyond.

Standard deductions for 2017 

  • Single - $6,350 add $1,550 if age 65 or older
  • Married Filing Separately - $6,350 add $1,250 if age 65 or older
  • Married Filing Jointly - $12,700 add $1,250 for each spouse age 65 or older
  • Head of Household - $9,350 add $1,550 if age 65 or older