Standard Deductions: 2027

2027
Standard Deductions

The standard deduction method is generally advantageous for taxpayers, unless the total amount of itemized deduction is larger than the total standard deduction amount. In addition to the standard deduction, a taxpayer might qualify for these income adjustments and deductions.

You can prepare and eFile your 2023 Tax Year returns Returns until October: Prepare and e-File Now

The eFile Tax App applies the basic, additional, and dependent standard deduction amounts based on the taxpayer's information. Start and eFileIT!

See also:

• What are itemized deductions?
• What is the difference between itemized deductions and the standard deduction?

Standard deduction amounts are outlined below to tax years 2023 and 2024. Estimate your current tax return by using the TAXstimator or Tax Refund Calculator. If you just want to get your taxes done, we get IT! Start free here.

Standard Deduction 2027

The standard deduction for 2027 varies for married taxpayers, single taxpayers, and single parents. Generally, if a taxpayer's income is under the standard deduction amounts, this taxpayer might not have to file a tax return. However, there are other reasons you may need to or want to file an income tax return; find out if you need to file taxes.

All United States citizens generally qualify for the standard deduction unless they choose to itemize deductions. The standard deduction works by making a certain amount of income tax free. This amount depends on your age, filing status, and other factors.

Example: A single taxpayer makes $20,000 annually from employment reported on Form W-2. On a federal level, the IRS allows the taxpayer to deduct $TBD from this, meaning only $TBD of the total income is subject to income taxes which puts the taxpayer in a lower tax bracket than if the entire $20,000 was taxed. There are different rules if you make income from self-employment or as an independent contractor. In general, if you make $400 or more from self-employment, you will need to file taxes.

2027 Tax Year Standard Tax Deduction Amounts

The 2027 standard deduction table below is organized by age - born on/after or before Jan. 2 1963, age 65 - the tax return filing status: single, married, head of household, surviving spouse. Note that your standard deduction is automatically applied to your return when you enter information in your eFile account.

2027 tax returns are due by April, 2028 and can be e-filed until October 2028.

Standard Deduction Exception Summary for Tax Year 2027

• If you are age 65 or older - born on/after Jan. 2, 1963 or before, your standard deduction increases by $TBD if you file as single or head of household. If you are legally blind, your standard deduction increases by $TBD as well.
• If you are married filing jointly and only ONE of you was born before Jan. 2, 1963, your standard deduction increases by $TBD. If BOTH you and your spouse were born before Jan. 2, 1963, your standard deduction increases by $TBD. If one of you is legally blind, it increases by $TBD, and if both are, it increases by $TBD.
• As a surviving spouse , your standard deduction increases by $TBD if you were born before Jan. 2, 1963. If you are legally blind, it increases by $TBD.
• Disaster Loss: Your standard deduction may only be increased by the net amount of any disaster loss you suffered if your area is a federally declared disaster. This is the same amount you would report as an itemized deduction if you were itemizing.

To qualify as blind by the IRS, you must keep in your tax records a certified letter from an eye doctor (or optometrist) stating that you have non correctable 20/200 vision in your best eye or that your field of vision is restricted to 20 degrees or less. For more information about additional standard deduction for any disabilities, see Exemptions, Standard Deduction, and Filing Information.

See what other tax deductions you may qualify to claim on your tax return.

Standard Deductions for Previous Tax Years or Back Taxes

• Previous tax year standard deduction amounts
• Tax year 2022, 2023 and 2024 standard deduction amounts
• Tax forms and tools for previous years or back taxes
• Free tax calculators.

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