Standard Tax Deduction 2025

Standard Tax Deduction 2025. If you expect to claim the standard deduction on your 2025 tax return, enter the amount on line 2a. In a move aimed at boosting tax savings, the finance minister announced that the standard deduction limit.

The irs on thursday announced higher federal income tax brackets and standard deductions for 2025. If you’re filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for.