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31-08-24
Standard Deduction 2025 Irs 2025
Standard Deduction 2025 Irs 2025. And for heads of households, the standard deduction will be $21,900 for tax year 2025, an increase of $1,100 from the amount for tax. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). In tax year 2025, the standard deductions are as follows:
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