Income tax, state; increases standard deduction for single and married filers.

Income tax; standard deduction. Increasesthe standard deduction for taxable years 2022 through 2025 from $4,500to $9,000 for single filers and from $9,000 to $18,000 for marriedfilers (one-half of such amount in the case of a married individualfiling a separate return). As provided under current law, startingwith taxable year 2026, the standard deduction will decrease to $3,000for single filers and to $6,000 for married filers.