How Much Is The Standard Deduction For 2021. For 2021, the standard deduction is $12,550 for single filers and $25,100 for married couples filing jointly. For a single senior taxpayer, the standard deduction amount for 2021 taxes is $26,450.
The standard deduction for taxpayers who don’t itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022. Because the 2021 standard deduction is $12,550, you can remove that amount from your income and only pay taxes on $12,450.
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