Some people, including nonresidents and partial-year filers, can’t take the standard deduction. Standard deduction amounts The standard deduction for 2025 is: $15,750 for single or married filing …

A married couple filing jointly can deduct up to $2,000 of charitable contributions without filing Schedule A, and unmarried taxpayers can deduct up to $1,000 of donations.

The 2025 senior deduction starts to decrease for taxpayers with a Modified Adjusted Gross Income (MAGI) over $75,000 (Single)/$150,000 (Married Filing Jointly).

$14,600 $15,000 $21,900 $22,500 $29,200 $30,000 Single Head of Household Married Filing Jointly 2024 2025 Comparison of 2024 vs. 2025 Standard Deduction Amounts The “Bonus” Deduction for …

Learn how to optimize your tax deductions & charitable contributions with a tax-smart strategy based on the 2025 and 2026 donation rules.

Schedule 1-A is an IRS form used to calculate and claim 4 tax deductions covering tips, overtime pay, car loan interest, and for seniors age 65 or older.

Enhanced deduction for seniors. Beginning in 2025, taxpayers who are age 65 or older may be eligible for the enhanced deduction for se-niors. The maximum amount of the deduction is $6,000 ($12,000 if …

Beginning with 2026 returns, non-itemizers making small charitable gifts can claim the new above-the-line deduction with proper substantiation. Eligible educators retain the $300 above-the-line deduction …