Taxpayers will get higher standard deductions in 2025, IRS announces
- U.S. Taxpayers will receive higher standard deductions in 2025, allowing them to shield more income from taxation on future returns.
- The single taxpayer standard deduction is rising to $15,000, increasing by $400 from 2024.
- Couples filing jointly will see their standard deduction rise to $30,000, an $800 increase from the previous year.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left17Leaning Right10Center37Last UpdatedBias Distribution58% Center
