Income Tax Standard Deduction 2025. The federal income tax has seven tax rates in 2025:. 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.

Discover all you need to know about personal tax relief 2025. The standard deduction for 2024 (tax returns filed in 2025) is $14,600 for single filers and married people filing separately, $21,900 for heads of household, and $29,200 for.