The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers.
The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025, raising the standard deduction to $15,000 to accommodate annual inflation rates. Costs for basic expenditures remained high in September, prompting the IRS to update more than 60 tax provisions for individuals and married couples reporting a range of annual incomes. Tax credits for children have also gone up from $7,830 in 2024 to $8,046 in 2025.
Though annual tax adjustments are standard to account for inflation, this increase is less than those released in previous years. The adjustment for 2024 was 5.4 percent, compared to the 2.75 percent for the coming year. The Social Security Administration’s annual cost-of-living adjustment (COLA) was also lower than usual, with recipients receiving a 3.2 percent increase after an 8.7 percent rise in 2023.
As the Lord Leads, Pray with Us…
- For Commissioner Danny Werfel to seek God’s direction as he heads the IRS.
- For agency officials as they assess inflation and the cost of living to determine standard tax deductions.
Sources: ABC News, Fox News
