Standard Deduction

Standard Deduction

 The IRS Standard Deductions are as follows:
2024
2025
2026
2024
Standard Deductions:
  1. Single or Married Filing Separately (MFS): $14,600
  2. Married Filing Joint (MFJ) or Qualifying Surviving Spouse: $29,200
  3. Head of Household (HOH): $21,900
Taxpayers who are 65 or older or blind are eligible for an additional standard deduction amount, per qualifying condition. 
  1. For Single or Head of Household filers, the additional amount is $1,950.
  2. For Married Taxpayers (filing jointly or separately) or a Qualifying Surviving Spouse, the additional amount is $1,550 per qualifying spouse. 
Standard Deduction for Dependents If you can be claimed as a dependent on another person's tax return, your 2024 standard deduction is limited to the greater of:
  1. $1,300, or
  2. Your earned income plus $450 (but the total cannot exceed the basic standard deduction for your filing status). 


2025
Standard Deductions:
  1. Single or Married Filing Separately (MFS): $15,750
  2. Married Filing Joint (MFJ) or Qualifying Surviving Spouse: $31,500
  3. Head of Household (HOH): $23,625
Taxpayers who are 65 or older or blind are eligible for an additional standard deduction amount, per qualifying condition. 
  1. Additional standard deduction: An extra $2,000 per qualifying person for Single or HOH filers, or $1,600 per qualifying person for MFJ, MFS, or Qualifying Surviving Spouse filers.
  2. New senior bonus deduction (2025-2028): An additional $6,000 per qualifying person (age 65+) is available for both itemizers and non-itemizers, subject to modified adjusted gross income (MAGI) phaseout thresholds.
    1. The bonus deduction starts to phase out for single filers with MAGI over $75,000 and for joint filers with MAGI over $150,000
Standard Deduction for Dependents If you can be claimed as a dependent on another person's tax return, your 2024 standard deduction is limited to the greater of:
  1. $1,350, or
  2. Your earned income plus $450 (but the total cannot exceed the basic standard deduction for your filing status). 
2026
Standard Deductions:
  1. Single or Married Filing Separately (MFS): $16,100
  2. Married Filing Joint (MFJ) or Qualifying Surviving Spouse: $32,200
  3. Head of Household (HOH): $24,150
Taxpayers who are 65 or older or blind are eligible for an additional standard deduction amount, per qualifying condition. 
  1. Additional standard deduction: An extra $2,000 per qualifying person for Single or HOH filers, or $1,600 per qualifying person for MFJ, MFS, or Qualifying Surviving Spouse filers.
  2. New senior bonus deduction (2025-2028): An additional $6,000 per qualifying person (age 65+) is available for both itemizers and non-itemizers, subject to modified adjusted gross income (MAGI) phaseout thresholds.
    1. The bonus deduction starts to phase out for single filers with MAGI over $75,000 and for joint filers with MAGI over $150,000
Standard Deduction for Dependents If you can be claimed as a dependent on another person's tax return, your 2024 standard deduction is limited to the greater of:
  1. $1,350, or
  2. Your earned income plus $450 (but the total cannot exceed the basic standard deduction for your filing status). 

 References

Internal Revenue Service -

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