The standard deduction for single individuals equals one-half of the standard deduction for married individuals filing jointly.

Question

Quizplus · Accepted Answer

This is true. For the tax year 2021, the standard deduction for single individuals is $12,550, whereas the standard deduction for married individuals filing jointly is $25,100. Half of $25,100 equals $12,550, which is the same as the standard deduction for single individuals.

The Standard Deduction for Single Individuals Equals One-Half of the Standard