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The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single taxpayers and married people filing separately.. The standard deduction climbs to $30,000 − ...
2024 standard deduction amount. Single. $14,600 (up $750 from 2023) ... 2025 tax season calendar: Key dates and deadlines to remember ... Florida, Georgia, North Carolina, and South Carolina and ...
The standard deduction for married couples filing jointly jumped $1,500 to $29,200. For single taxpayers and married individuals filing separately, the standard deduction is now $14,600, a $750 ...
The state and local tax (SALT) deduction allows taxpayers to deduct up to $10,000 of the money they spent on certain state and local taxes — including property, income and sales tax.
Standard Deduction Changes for 2025. ... If you’re a single taxpayer or married but filing separately for the 2025 tax year, the standard deduction rises to $15,000 for 2025, an increase of $400 ...
Tax season 2025 is here. Here are answers to common questions that crop up as April 15 approaches. ... The standard deduction for 2024 is $14,600 for individuals and $29,200 for married couples ...
The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately. ... The top tax rate is 37% in 2025 for individual single ...
Most taxpayers opt for the standard deduction vs. itemizing. The standard deduction will increase to the following amounts in 2025: Single filers: $15,000. Heads of household: $22,500. Married ...