Irs 2025 Standard Deductions

Irs 2025 Standard Deductions

Irs 2025 Standard Deductions. There are seven (7) tax rates in 2025. You can lower your taxable income by using deductions, such as for student loans or mortgage interest, and tax credits, such as the child.


Irs 2025 Standard Deductions

For 2025, the standard deduction will be $15,000 for single filers and those married filing separately, a $500 increase from 2024. The internal revenue service is increasing the optional standard mileage rate used to calculate tax deductions by 3 cents a mile for 2025.

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