2025 Standard Deduction Mfj 2025

2025 Standard Deduction Mfj 2025. The 2.7% increase translates to a $400 jump in the basic standard deduction from 2024 to 2025 for single taxpayers, an $800 rise for joint filers,. Seniors over age 65 may claim an additional standard deduction of $2,000 for single filers and $1,600 for joint filers.


2025 Standard Deduction Mfj 2025

About 90% of all taxpayers take the standard deduction. The standard deduction, which reduces taxable income, is also climbing in 2025:

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