single taxpayers

When Filing Married Jointly Do We Both File?

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When Filing Married Jointly Do We Both File? For married persons with a living spouse, there are two ways to file: Married filing jointly (MFJ): To file jointly means you file a single return, which will include the income and deductions for both spouses. Married filing separately (MFS): Each person files their own return, keeping

What Are Standard Deductions For 2020?

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What Are Standard Deductions For 2020? In 2020 the standard deduction is $12,400 for single filers and married filing separately, $24,800 for married filing jointly and $18,650 for head of household. In 2021 the standard deduction is $12,550 for singles filers and married filing separately, $25,100 for joint filers and $18,800 for head of household.