For tax year 2024, the standard deduction is $29,200 for married couples filing jointly and $14,600 for single taxpayers and married individuals filing separately. Married taxpayers who are 65 and ...

Although the due date for your 2025 federal income tax return is a long way off (it's not until April 15, 2026), smart ...

The standard deduction depends on which filing status you use. Choosing the Married Filing Jointly status might be a good choice — even if one spouse is not working — because the IRS extends ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

The standard deduction—the amount taxpayers can subtract from their income before income tax is applied—saw notable increases: Single filers: $14,600 (up from $13,850 in tax year 2023) Married couples ...

For the 2024 tax year, the standard deduction reduces your taxable income by $29,200 for married couples filing jointly, $14,600 for single filers and $21,900 for heads of household. For 2025 ...

A divorce, separation, or death of a spouse will affect your tax return. Experts have advice to help you stay on top of it.

Between diaper changes, meal prepping, and doctors' visits, you’ve got your hands full. Here are some things to avoid getting ...

The standard deduction is essentially a flat reduction ... taxes as well as state income or sales taxes—if you're married filing jointly. The deduction is capped at $5,000 if you're single ...

$29,200 for married couples filing jointly; and $21,900 for head-of-household filers). But if the standard deduction amounts to less than the total of the value of itemized deductions you’re ...