Standard Tax Deductions 2025. 37% for single individual taxpayers with income over $609,350 ($731,200 for married. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024.

Know how it will impact taxpayers including new tax brackets, deductions, and compliance process. The internal revenue service (irs) on tuesday announced higher standard deductions for taxpayers in 2025 as part of its annual adjustments to accommodate inflation.

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2025 Tax Deductions Alvera Katrina, For 2025 (returns you'll usually file in early 2026), the top tax rate of 37% will now apply to single filers with incomes exceeding $626,350, up from $609,350 in 2024.

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