Your standard deduction for the year primarily depends on your filing status, but it can also be impacted by your age, whether or not you’re a dependent, and even your vision. For the 2024 tax ...

Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...

The standard deduction is adjusted annually for inflation. So, the amounts for the different filing statuses change slightly each year. (You can see the difference in the following table between ...

The IRS instructions for Form 1040 typically include a table to help you calculate the standard deduction available to you based on when you (and your spouse, if applicable) were born and whether ...

The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to account for inflation.

While just claiming the standard deduction can save you time, money and stress, it can also leave a significant amount of money on the table for Uncle Sam. Standard deduction vs. itemized ...

as overlooking it in favor of simplicity could "leave a significant amount of money on the table for Uncle Sam," said CNBC Select. Because of these differences, "claiming the standard deduction is ...

A table of the 2025 tax bracket changes for ... the IRS has increased the standard deduction amounts to help taxpayers keep pace with inflation. For single taxpayers and married individuals ...

The far more common method is standard deductions, which "nearly 90% of taxpayers ... could "leave a significant amount of money on the table for Uncle Sam," said CNBC Select.