Standard Deduction

Definition

A fixed dollar amount that reduces the income you're taxed on. For tax year 2025: $15,750 single or married filing separately; $31,500 married filing jointly or qualifying surviving spouse; $23,625 head of household. Additional standard deduction amounts apply for taxpayers who are 65 or older or blind. Most taxpayers take the standard deduction rather than itemizing. Source: IRS — New and enhanced deductions for individuals (https://www.irs.gov/newsroom/new-and-enhanced-deductions-for-individuals); last reviewed 2026-08-01.

Related Terms & Forms