Standard Deduction 2025 Tax Year. There will also be changes for the standard deduction for the 2025 tax year, the agency said. Republican lawmakers are floating a range of ideas to pay for an extension of president trump's tax cuts and jobs act.


Standard Deduction 2025 Tax Year

For single taxpayers and married individuals filing separately, the standard deduction rises to $15,000 for tax year 2025, up $400. Higher standard deductions lower taxable income under the new tax regime.

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