North Carolina Increases Standard Deduction for 2020

Nov. 12, 2019, 2:59 PM

A North Carolina bill increasing the state standard deduction for 2020 was signed Nov. 8 by Gov. Roy Cooper (D).

The measure (S.B. 557), which takes effect Jan. 1, 2020, increases the standard deduction to $10,750 from $10,000 for single individuals and married couples filing separately; to $16,125 from $15,000 for heads of households, and to $21,500 from $20,000 for married couples filing jointly.

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