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Irs w4 Form: What You Should Know

Tax Year Standard Tax Deduction Amounts ; Single · 20,800.  Filing Status Single, Head of Household, Married Filing Jointly or Qualifying Widow(er) 2021 Tax Year Single tax deduction amount is 12,950. (Source: ) 2022 Tax Year Single tax deduction amount is 14,700. (Note: The amounts that you claim on your return may exceed the 20,800 standard deduction for these income levels.) 2027 Tax Year Single tax deduction amount is 18,800. (Source: ) Filing Status Married Filing Jointly or Qualifying Widow(er) 2030 Tax Year Married filing jointly tax deduction amount is 14,300. (Source: ) 2033 Tax Year Married filing jointly tax deduction amount is 19,300. (Source: ) 2037 Tax Year Married filing jointly tax deduction amount is 21,450. (Source: ) Tax Filing Tips  In addition to the various federal taxes that the federal government wants you to pay, there are state and local taxes to pay as well. For a list of the tax rates and local tax rates for each state and local tax jurisdiction across the United States, visit the IRS website.

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