This article on standard deductions has been updated for the 2024 and 2025 tax years. The IRS has released its 2025 standard deduction amounts. Each year, the IRS adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401K and maximum IRA contribution levels, etc.). With recent inflation levels, there are some noteworthy inflation adjustment increases over the 2024 standard deductions for taxpayers. Most readers are still primarily focused on 2024 tax returns, so we’ll detail both the 2024 standard deduction and 2025 standard deduction amounts in this article. What is a Standard Deduction? The standard deduction
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