New Standard Deductions!

Standard Deductions will be Higher for 2025

Single filers : $15,750 (a $1,150 increase from 2024. That’s a big increase.)

Married couples filing jointly: $31,500, an increase of $2,300 from 2024.

Heads of households:  $23,625 for 2025, an increase of $1,725 from 2024

Over 65 you get an additional amount of $2,000  or $3,200 if filing jointly.

And don’t forget: Over 65 will have an additional $6,000 deduction on top of their standard deductions if they earn under $75,000 as a single person or $150,000 if married and filing jointly.