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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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   The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately. IRS announces higher standard deduction, new tax brackets ...

4. Tax breaks after 50 you might not know about - AOL

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   Additional standard deductions. Once you or your spouse turn 65, you can qualify for an additional standard deduction on top of the basic standard deduction you’d normally receive — or $14,600 ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

6. Should you itemize or take a standard deduction on your tax ...

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   This can be taken even if the standard deduction is taken instead of itemized deductions. O’Saben says other above-the-line deductions to consider are $300 per tax filer ($600 if a married ...

7. What are standard and itemized tax deductions? - AOL

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   You can choose which to take when you're filing your return. Because of itemized deduction caps and the standard deduction increase, the standard deduction gives almost 90% of tax filers the ...

8. What Is the Standard Deduction Amount for 2022-2023 and When ...

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   Most filers can find the standard deduction on the first page of Form 1040. For filers using Form 1040-SR, U.S. Tax Return for Seniors, the standard deduction is on page 4. Itemized Deductions

9. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...