The 2023 standard deduction increased to $13,850 from $12,950 for single filers and to $27,700 from $25,900 for married ...
Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.
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Here are the new federal income tax brackets for 2025—the standard deduction is now up to $30,000
The standard deduction — which is the amount of money you can reduce from your income before it's taxed, if you choose not to itemize your deductions — will increase to $15,000 for individual filers, ...
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