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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 ...
In 2025, the maximum earned income tax credit for low- to moderate-income families with three or more children rises to $8,046, a slight increase from this year. This credit helps support working ...
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 ] Federal 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.
The 2025 adjustments still include the seven tax brackets from 2024, but they increase the income ranges for each tax bracket to allow for inflation. The 2025 tax brackets apply to the income that ...