2017 Standard Deduction and Itemized Deduction Phaseout
Standard Deduction
Single $6,350
Married Filing Jointly $12,700
Head of Household $9,350
Married Filing Separately $6,350
 
Additional Amount for Aged or Blind
Single $1,550
Married Filing Jointly $1,250
   
Standard Deduction for Dependent
Minimum $1,050
Or Earned income plus $350
 
Reduction in Itemized Deductions Phaseout Begins
Single $261,500
Married Filing Jointly $313,800
Head of Household $287,650
Married Filing Separately $156,900
*** If the limitation applies, the total of all itemized deductions will be reduced by the lesser of 3% of the Adjusted Gross Income above the threshold or 80% of the itemized deductions otherwise allowable for the year.