Irs Announces Standard Deductions For 2025

Irs Announces Standard Deductions For 2025. Taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns The standard deduction rises to $15,000 for 2025, an increase of $400.

The irs adjusts tax brackets annually in the fall, while also changing other tax provisions and standard. A handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds.