October 10, 2025 - This new deduction means that an individual filer in 2025 that is over age 65 and not blind who qualifies could deduct a total of $23,750 from all 3 tax deductions, and joint filers who also qualify for all 3 deductions could be eligible to ...

For single taxpayers and married ... be $24,150. (Additionally, for tax year 2025, the OBBB raises the standard deduction amount to $31,500 for married couples filing jointly....

Filing taxes can be confusing. Jackson Hewitt has tips and resources to answer all your tax filing questions and help you get the most out of your refund.

In 2025, the standard deduction is $15,000 for single filers and married persons filing separately, $22,500 for a head of household, and $30,000 for a married couple filing jointly and surviving spouses.

Editor’s note: Under the federal tax and spending bill known as the One Big Beautiful Bill Act, the standard deduction for 2025 increased to $15,750 for single tax filers and $31,500 for married couples filing jointly.

October 9, 2025 - The new deduction for seniors over ... The 2025 senior deduction starts to decrease for taxpayers with a Modified Adjusted Gross Income (MAGI) over $75,000 (Single)/$150,000 (Married Filing Jointly)....

2 weeks ago - The standard deduction for 2025 was raised to $15,750 for single filers, up from the $15,000 previously in place. For married couples filing jointly, it is increased to $31,500, up from $30,000.

3 days ago - For the 2025 and 2026 tax years, you can either take a flat $1,350, or however much your earned income was, plus $450, not to exceed the maximum standard deduction amount for that tax filing status.

February 5, 2015 - The standard deduction for single filers and married individuals filing separately will increase to $15,000, up from $14,600 in 2024. Married couples filing jointly will see their standard deduction rise to $30,000, an $800 increase from the ...

September 9, 2025 - Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.

January 30, 2025 - For the 2025 tax year, the total standard plus bonus deduction for those age 65 and older is $21,750 for a single person and $43,500 for a married couple filing a joint return. However, income thresholds apply.

November 10, 2025 - OBBB permanently extends the doubled standard deduction from TCJA. It also provides an extra $750 to the standard deduction for single taxpayers and $1,500 for married couples in 2025 and adjusts those amounts for inflation yearly beginning in 2026.

October 29, 2024 - The income thresholds for 2025 are up by about 2.8% from 2024 levels. This increase is smaller than in previous years. The IRS adjustments to the extra standard deduction for older adults come alongside increases in the standard deduction for ...

Effective July 2025, a prorated tax rate of 14% was used. For 2026 and subsequent tax years, the lowest federal tax bracket will be 14%. ... See Chart 1 for rates, income thresholds, and constants. You can download guides T4008, Payroll Deductions Supplementary Tables, and T4032, Payroll Deductions ...

Your deductions decrease by more than $2,300 from the amount you took into account on a previously furnished Form W-4. You no longer reasonably expect to claim exemption from withholding. Change of status resulting in withholding that will cover your tax liability.

For example: A single taxpayer ... putting the taxpayer in a lower tax bracket than if the entire $20,000 was taxed. For a single filer in 2025, the standard deduction is $15,750....

Married couples filing jointly can deduct $31,500 in 2025. These increases help offset inflation and reduce taxable income for most Americans. If you're self-employed, you may still want to explore itemizing to see which method saves you more.

November 17, 2025 - One common deduction taken by most taxpayers is the standard deduction, which, in 2025, is $15,750 for single filers and married filing separately, $31,500 for married filing jointly, and $23,625 for head of household filers.

October 22, 2024 - As Kiplinger has reported, there's an existing extra standard deduction for taxpayers 65 and older and those who are blind. For 2025, that additional amount is $1,600 ($2,000 if unmarried and not a surviving spouse).

The 14.5% and 14% are be used for personal tax credit calculations. See Indexation of the Personal Income Tax System for how the indexation factors are calculated. The federal indexation factors, tax brackets and tax rates for 2026 have been ...