Single filers may find themselves with less complex tax returns that require less paperwork, complications, or reporting requirements. The married filing jointly standard deduction is simply double the standard deduction of a single filer. However, as most couples do not earn equal wages, one individ...
5.The problem comes from out-of-date standard deduction amounts for married and single tax filers in the 2023 tax bill language, according to the Department of Revenue. 6.Thanks to tax legislation from the ’90s, a gain of up to $250,000 for a single tax filer or $500,000 for a c...