Single Filer Standard Deduction 2025 . IRS Announces 2025 Tax Brackets, Standard Deductions And Other Inflation Adjustments The AMT exemption amount for tax year 2025 for single filers is $88,100 and begins to phase out at $626,350 (in 2024, the. This reduces their taxable income to $60,400 ($75,000 - $14,600).
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The standard deduction is a critical part of tax planning, as it reduces taxable income, simplifying filing for millions of Americans who don't itemize deductions The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately
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