What Is The Standard Deduction For 2025 Mfj 2025

What Is The Standard Deduction For 2025 Mfj 2025. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to. The 2025 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.

For the 2023 tax year (for forms you file in 2025), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. The irs released the 2025 standard deduction amounts for returns normally filed in april 2025.