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.
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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Tax Policy Center on Twitter "A House GOP tax plan would raise the , A tax return is filed at the.
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The IRS Just Announced 2023 Tax Changes! , There will also be changes for the standard deduction for the 2025 tax year, the agency said.
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