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2. IRS sets higher standard deduction, new tax brackets for 2025

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   The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single taxpayers and married people filing separately.. The standard deduction climbs to $30,000 − ...

3. IRS announces higher standard deduction, new tax ... - AOL

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   For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.

4. 2025 Income Tax Brackets Were Just Released. Where Do ... - AOL

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   In 2024, the standard deduction is $14,600 for single filers and $29,200 for married taxpayers filing jointly. In 2025, the deduction will increase almost 3% to $15,000 for single taxpayers and ...

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Most states allow non-business deductions in a manner similar to federal rules. Few allow a deduction for state income taxes, though some states allow a deduction for local income taxes. Six of the states allow a full or partial deduction for federal income tax. [7] In addition, some states allow cities and/or counties to impose income taxes.

6. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

7. Tax season 2025: Everything you need to know about ... - AOL

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   What’s the standard deduction for the 2024 tax year? The standard deduction for married couples filing jointly jumped $1,500 to $29,200. For single taxpayers and married individuals filing ...

8. Tax Info You Need To Know After Experiencing a Natural ... - AOL

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   For one, the TCJA raised the standard deduction (it will be $15,000 for individuals and $30,000 for married couples in 2025) and at the same time reduced deductions for state and local taxes to a ...

9. Tax season 2025: Everything to know before you file, and how ...

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   Filing status. 2024 standard deduction amount. Single. $14,600 (up $750 from 2023) Head of household. $21,900 (up $1,100 from 2023) Married filing jointly