2024 standard deduction Single; Married filing separately $14,600. Married filing jointly; Surviving spouse $29,200. Head of household $21,900. Source: Internal Revenue Service Standard deduction 2025 (taxes due 2026) The standard deduction for 2025 is $15,000 for single filers and married peop...
Standard deduction for 2024 Here are the current standard deduction amounts for 2024, for returns filed in 2025: Filing status2024 standard deduction amount Single$14,600 Head of household$21,900 Married filing jointly$29,200 Qualifying surviving spouse$29,200 ...
For more tax tips and guidance, visit TurboTax.com. *The Standard Deduction in 2024 for single taxpayers is $14,600. With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice f...
The 2023 standard deduction is $13,850 for single taxpayers ($20,800 if you’re filing as head of household), $27,700 for married taxpayers, and slightly more if you’re over 65. If you own a home and the total of your mortgage interest, points, mortgage insurance premiums, and real...
THANKS TO THE 2017tax law, the standard deduction is roughly double the old level. In 2024, it’s $29,200 if your tax-filing status is married filing jointly, $21,900 for heads of household and $14,600 for single individuals. For 2025’s tax year, those figures rise to $30,000 fo...
Standard Deduction for Single: updated each year, see thecurrent year standard deduction. Itemized Deductions: $12,700. In this case, the standard deduction is higher than the total itemized deductions of $12,700, so it would be more beneficial to claim the standard deduction. For most people...
Deciding between the standard deduction vs itemized deductions? Weigh the benefits by considering factors like charitable donations, medical costs, and mortgage interest.
Standard Deduction for Health Insurance Standard Deductions Standard Deductions Standard Default Assumption Standard Defence Supply System Standard definition Standard Definition High Capacity Standard definition television Standard Delay File Standard Delay Format Standard Delivery Date Standard Delivery Element Standa...
The standard tax deduction for single filers is $15,000 in 2025. This is the same for married individuals filing separately. For those married and filing jointly, the deduction is $30,000 in 2025. For heads of households, it is $22,500 in 2025.7 ...
Standard Deductions for 2023 and 2024 Filing Status2023 Standard Deduction2024 Standard Deduction Single $13,850 $14,600 Married Filing Separately $13,850 $14,600 Heads of Household $20,800 $21,900 Married Filing Jointly $27,700 $29,200 As noted above, the federal income tax system and som...