Standard Deduction 2025 Tax Year . The standard deduction amounts will increase to. The 2025 tax filing season is almost here and there are some new tax brackets.
The standard deduction for the 2025 tax year (tax returns filed in 2026) is. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.
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Here are the new federal tax brackets for 2025โthe standard , Effective from april 1, 2025, the standard deduction under section 16 of the.