2025 Tax Year Standard Deduction. The standard deduction is the most common tax deduction used to reduce taxpayers' taxable income, which results in a. Tax deductions for 2025 tax year.
For those still working, the amount of income subject to the 6.2% social security tax paid via payroll deduction will rise from $168,600 to $176,100, an increase of $7,500. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.
2025 Tax Year Standard Deduction Images References :