Standard Tax Deduction 2025 Single. 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. In certain circumstances, because of the tax torpedo and another twist nicknamed the capital gains bump zone, someone in the 12 percent tax bracket who takes a $1,000 retirement distribution could.

Here is an example of how to calculate income tax payable under the new tax regime. And for heads of households, the standard deduction will be $21,900 for tax year 2025, an increase of $1,100 from the amount for tax year 2023.