Taxes 2025 Standard Deduction. The standard deduction amounts will increase to $15,000 for individuals and married couples filing separately, representing an increase of $400. Many taxpayers are wondering if the government is going to scrap the old tax regime and whether popular tax deductions and tax benefits like hra, section 80c, and standard.
These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026. The irs released the following tax brackets and income levels for 2025: