[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill

 

2025 STANDARD DEDUCTION AMOUNTS

 

SINGLE $15,750  (65 or older/legally blind + $2000)

MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)

MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600 per spouse)

HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

 

 

For 2025 through 2028 there is an extra amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out above certain incomes.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**