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Start filingIf you make more than the standard deduction for your filing status, you’re required to file a tax return and pay any taxes owed.
Standard deductions for 2020:
- Single: $12,400
- Married Filing Jointly: $24,800
- Head of Household: $18,650
- Qualifying Widower: $24,800
For anyone 65 or older, you can add $1,300 per spouse if they're married, or $1,650 if they're single or file as head of household.
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