2025 Irs Std Ded. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2025.also, standard deduction limit for. The 2025 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
Bloomberg tax & accounting released its 2025 projected u.s. The standard deduction for tax year 2025 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household.