Higher standard deductions mean filers may see less tax liability in 2018!by Willie Sims on 12/10/18
Standard tax deduction amounts will increase from 2017 to 2018 tax season. The deductions will almost double for taxpayers. For single filers, deductions will increase from $6,350 to $12,000, while married couples filing joint will see an increase in deductions from $12,700 to $24,000. These increases will mean that fewer people will itemize.