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February 13, 2025
Question

Standard deduction for 2025 for single filer is 15,000 not 14,600. Why is this not updated

  • February 13, 2025
  • 2 replies
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    2 replies

    DoninGA
    February 13, 2025

    You are not completing a 2025 tax return since tax year 2025 will not be completed until after 12/31/2025.

    You are completing a 2024 tax return so the 2024 Standard Deductions are used -

     

    Standard deductions for 2024

    Single - $14,600 add $1,850 if age 65 or older
    Married Filing Separately - $14,600 add $1,550 if age 65 or older
    Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
    Head of Household - $21,900 add $1,950 if age 65 or older

    khaigney8Author
    February 17, 2025

    Ahh. Makes sense. Thank you!