Standard deduction income tax

[sierrajcurry]

Does the standard deduction help erase or take off any income tax that you owe or any debt in taxes?

[LindaS5247]

Yes, the standard deduction directly reduces your taxable income. ‌It is a fixed amount every year and is generally revised annually for inflation by the IRS.

It’s often the better choice when your itemized expenses are less than your fixed standard deduction amount.

The standard deduction for 2024 (taxes filed in 2025) is $14,600 for single filers and married people filing separately; $21,900 for heads of household, and $29,200 for those married filing jointly and surviving spouses. $14,600.

Click here for "What Are Standard Tax Deductions?"

Click here for "What Is the Standard Deduction in 2025?"