Section 26-51-430 - Deductions - Standard deduction - Definition(a)(1) In lieu of itemizing deductions, each taxpayer may elect to use the standard deduction.(2) In the case of a married couple, both spouses must elect to use the standard deduction or both spouses must claim itemized deductions, without regard to whether the spouses file separate returns or file separately on the same return.(b)(1) The standard deduction shall be:(A) For the tax year beginning January 1, 2014, two thousand dollars ($2,000) per taxpayer; and(B) For tax years beginning on and after January 1, 2015, two thousand two hundred dollars ($2,200) per taxpayer.(2) In the case of a married couple, each spouse shall be entitled to claim a standard deduction of:(A) For the tax year beginning January 1, 2014, two thousand dollars ($2,000); and(B) For tax years beginning on and after January 1, 2015, two thousand two hundred dollars ($2,200).(c)(1) The Secretary of the Department of Finance and Administration shall increase annually the standard deduction provided under subsection (b) of this section by the cost-of-living adjustment for the current calendar year, rounding the amount to the nearest ten dollars ($10.00).(2)(A)(i) For purposes of subdivision (c)(1) of this section, the cost-of-living adjustment for a calendar year is the percentage, if any, by which the Consumer Price Index for the current calendar year exceeds the Consumer Price Index for the preceding calendar year, not to exceed three percent (3%).(ii) If the Consumer Price Index for the current calendar year does not exceed the Consumer Price Index for the preceding calendar year, the standard deduction shall not be adjusted under this subsection for that year.(B) The Consumer Price Index for a calendar year is the average of the Consumer Price Index as of the close of the twelve-month period ending on August 31 of that calendar year.(C) As used in this subsection, "Consumer Price Index" means the most recent Consumer Price Index for All Urban Consumers published by the United States Department of Labor.Amended by Act 2021EX2, No. 2,§ 9, eff. for tax years beginning on or after January 1, 2022.Amended by Act 2021EX2, No. 1,§ 9, eff. for tax years beginning on or after January 1, 2022.Amended by Act 2013, No. 1488,§ 1, eff. for tax years beginning on and after January 1, 2014.Acts 1929, No. 118, Art. 3, § 13; Pope's Dig., § 14036; Acts 1951, No. 124, § 1; 1957, No. 147, § 1; A.S.A. 1947, § 84-2016; Acts 1997, No. 328, § 1; 2003, No. 997, § 1.