2025 Standard Deduction Mfj Income Tax. The income tax calculator estimates the refund or potential owed amount on a federal tax return. โ for the 2023 tax year (for forms you file in 2025), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples filing jointly and.
The 2025 union budget introduced some modifications regarding the aadhaar card, stt, tds rate, and the direct tax vivad se vishwas scheme 2025. This credit phases out at 1.3 cents per dollar of agi above $16,742 ($33,484 for mfj).