What Are The Standard Deductions For 2025. The standard deduction for taxpayers younger than age 65, currently $14,600 (single) and $29,200 (married filing. The standard deduction will be cut roughly in half, the personal exemption will return while the child tax credit (ctc) will be cut.
Choose tax regime wisely for tds, consider basic exemption limits, utilize tax rebates, deductions, and exemptions. Increase to boost consumption and economic.