30/01/2025
🚨 2025 IRS Standard Deduction Update! 🚨
The IRS has increased the standard deduction for tax year 2025, meaning more of your income will be shielded from taxes! But remember—this applies to taxable income, not your total (gross) income.
Here’s the updated deduction amounts:
âś… Single: $14,600 (was $13,850)
âś… Married Filing Jointly / Qualifying Surviving Spouse: $29,200 (was $27,700)
âś… Head of Household: $21,900 (was $20,800)
This deduction reduces the income you pay taxes on, which can lower your overall tax bill. Plan ahead by focusing on taxable income after deductions!
Comment "Tax Course" below and I'll give you access to an online & self-paced beginner tax course for FREE.