Standard Tax Deduction 2025 – The standard deduction reduces the amount of your taxable income—the IRS has increased it in 2023 and 2025, which could result in a lower tax bill for many Americans. . Stay updated on the standard deduction amounts for 2025, how it works and when to claim it. Aimed at individual filers and tax preparers. .
Standard Tax Deduction 2025
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Standard Tax Deduction 2025 Your First Look At 2025 Tax Rates: Projected Brackets, Standard : Taking advantage of these often overlooked tax deductions can help you lower your tax bill. . For a married joint filer, the standard deduction would be increased by $3,250 to $27,650. For a head of household filer, it would be increased by $2,450 to $20,800. .