Irs Standard Deduction 2025 Single

Irs Standard Deduction 2025 Single. Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k and maximum ira contribution levels, etc.). The standard deduction for single filers and married individuals filing separately will rise to $15,000 in 2025, a $400 increase from the previous year.


Irs Standard Deduction 2025 Single

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The standard deduction will increase by $400 for single filers and by $800 for joint filers (table 2).

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