2025 Standard Deductions And Tax Brackets For Seniors

2025 Standard Deductions And Tax Brackets For Seniors. Here's how those break out by filing status: The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.

The increase in the standard deduction for 2025 reflects inflation adjustments aimed at reducing. Seniors over age 65 may.