Standard Deduction 2025. The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately. 22, 2024, the irs announced the annual inflation adjustments for 2025.
The standard deduction allows you to reduce your income by a set dollar amount,. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 โ up $400 from 2024.