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For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.
What’s the standard deduction in 2025? ... Tax adjustments are calculated from year-over-year changes to the C-CPI-U for the 12-month period that ends Aug. 31. So the 2.8% increase to income ...
For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024. For couples who file jointly, that standard ...
For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the IRS said. The IRS noted that for the head of household, the standard ...
The standard deduction is distinct from the personal exemption, which was set to $0 by the Tax Cuts and Jobs Act of 2017 for tax years 2018–2025. [ 5 ] Basic standard deduction
For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.