Standard Deduction 2025. Budget 2025 announced a standard deduction of โ‚น 75000 per year for salaried individuals who are new income taxpayers. The irs released the 2025 standard deduction amounts for returns normally filed in april 2025.


Standard Deduction 2025

Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. If you earned $75,000 in 2025 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

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