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Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...
The standard deduction is a specific amount that taxpayers can subtract from their taxable earnings. The amount increases slightly each year and varies by filing status, whether the taxpayer is 65 ...
The standard deduction will rise to $15,000, up $400 from this year, the IRS said. For married couples filing jointly, the standard deduction will be $30,000, up $800, and for heads of households ...
The standard deduction climbs to $30,000 − up $800 from 2024 − for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 ...
For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024.
The standard deduction is a fixed deduction that varies depending on your filing status, age and dependent status. This year, the standard deduction is $12,950 for those filing single or married ...
The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 ...
The standard deduction for married taxpayers filing jointly is $25,900, up from $800... The IRS gives taxpayers two options to lower taxable income: itemize deductions or take the standard ...