2017 Federal Allowance Calculator

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Use this calculator to determine your 2017 federal standard deduction amount based on your filing status. The standard deduction reduces your taxable income, potentially lowering your tax liability.

How to Use This Calculator

To calculate your 2017 federal standard deduction:

Select your filing status from the dropdown menu
Click the "Calculate" button
Review your result and how it affects your tax return

The calculator will display your exact standard deduction amount based on IRS 2017 tax rules.

Formula and Calculation

The 2017 federal standard deduction amounts are as follows:

Single filers: $6,300 Married filing jointly: $12,600 Married filing separately: $6,300 Head of household: $9,300

The calculator simply returns the appropriate amount based on your selected filing status. No additional calculations are performed.

Worked Examples

Example 1: Single Filer

If you're a single filer, your 2017 federal standard deduction is $6,300. This means you can subtract $6,300 from your taxable income before calculating your tax liability.

Example 2: Married Filing Jointly

For a married couple filing jointly, the standard deduction is $12,600. This larger amount reflects the combined benefits of being married and filing jointly.

Frequently Asked Questions

What is a federal standard deduction?: A federal standard deduction is a fixed amount that reduces your taxable income, allowing you to subtract a set dollar amount from your income before calculating your tax liability.
How does the standard deduction affect my tax return?: The standard deduction reduces your taxable income, which can lower your tax liability. It's an alternative to itemizing deductions, which requires keeping track of various expenses.
Are there any income limits for the standard deduction?: In 2017, there were no income limits for the standard deduction. You could claim it regardless of your income level.
Can I claim both the standard deduction and itemized deductions?: No, you can only claim one type of deduction per return. You'll choose whichever option gives you the larger tax benefit.
When did the 2017 standard deduction amounts change?: The 2017 standard deduction amounts were adjusted annually based on inflation. The amounts for 2017 were slightly higher than those for 2016.