H1030 - 2016 Appropriations Act. (SL 2016-94)

Overview: Sec. 38.1 of S.L. 2016-94 increases the standard deduction by $2,000 over two years, beginning in 2016:

• $1,000 to $16,500 (married, filing jointly) for tax year 2016.
• $1,000 to $17,500 (married, filing jointly) for tax year 2017, and subsequent years.

This section became effective July 1, 2016.