District of Columbia ~ Personal Income Tax: Increases in Standard Deduction and Schedule H Maximum Credit Discussed

CCH Tax Day Report

The District of Columbia’s Office of the Chief Financial Officer, after accounting for increases in the applicable cost of living indices, has upwardly revised the applicable standard deduction amounts, set the personal exemption amount and adjusted the Schedule H maximum credit and income thresholds for District personal income tax purposes. For the 2017 tax year, the standard deduction amount for single or married individual filers will be $5,250, for married joint filers will be $8,450, and for head of household filers will be $6,550 (for the 2016 tax year, these amounts were $5,200 for single or married individual filers, $8,350 for married joint filers, and $6,500 for head of household filers). The personal exemption amount remains $1,775. For the 2017 tax year the maximum amount of the Schedule H credit for District residents who own their principal place of residence will be $1,025. The Schedule H eligibility income threshold amount for the 2017 tax year for non-seniors and seniors will be $50,550 and $60,900, respectively.

Notice, District of Columbia Office of the Chief Financial Officer, September 16, 2016, ¶200-761

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