What Is The Standard Deduction For 2024 Irs. The standard deduction for individual taxpayers will be $15,000 for 2025, an increase of $400 from 2024, however taxpayers won’t see that benefit until 2026 when they file their. Standard deduction amounts the standard deduction amounts will increase to $15,000 for individuals and married couples filing separately, representing an increase of $400.
This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax. People who are age 65 and over have a.
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