Irs 2025 Standard Deduction For Seniors
Irs 2025 Standard Deduction For Seniors. The personal exemption for 2025 remains at $0 (eliminating the personal exemption was part of the tax cuts. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2025, an increase of $750 from 2023; The irs has released higher federal tax brackets for 2025 to adjust for inflation. […]