Fed Tax Standard Deduction For Tax Year 2025

Fed Tax Standard Deduction For Tax Year 2025. Standard deduction the standard deduction has increased to $30,000 for married couples filing jointly, up $800 from the previous year. Find the new rates and information on extra benefits for people over 65.


Fed Tax Standard Deduction For Tax Year 2025

For 2025, the standard deduction will be $15,000 for single filers and those married filing separately, a $500 increase from 2024. The standard deduction will increase by $400 for single filers and by $800 for joint filers (table 2).

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