11 Tax Updates in 2022 to know about NOW
Standard deductions amounts were increased for this year due to inflation. If you’re married, the deduction is $25,900 with an added $1400 for each spouse over the age of 65. If you’re single, you can claim $12,950 while the head of household’s standard deduction is $19,400 with $1750 additional if you are over 65 years […]