I’m updating my budgeting spreadsheet for next year’s taxes. I usually take the standard deduction instead of itemizing, but I haven’t found clear updates yet. Does anyone know what the standard deduction amount will be for 2025?
Answer by: abdullah-al-naim
1 month ago
The standard deduction reduces your taxable income. For 2025, the standard deduction is $15,000 for single filers and $30,000 for married couples filing jointly.
Learn about your tax bracket through:
US Tax Brackets: A Comprehensive Guide for Taxpayers
