Key tax figures for 2025 as announced by the IRS.
Updated July 23, 2025
The 2025 tax figures on this page generally reflect an inflation adjustment of 2.8% from 2024. We have a separate page for 2025 tax brackets and another for 2025 retirement contribution limits and HSA numbers. Figures for previous years are available in our Reference Room.
Standard deduction
Taxpayers automatically receive the standard deduction unless they claim itemized deductions for such items as medical expense, charitable contributions, and state and local taxes. The standard deduction is more favorable for most.
Figures in this table were originally announced as $30,000, $22,500 and $15,000 based on inflation adjustments to prior year figures. The tax law enacted July 4, 2025 increased the standard deduction to the figures below.
Taxpayers automatically receive the standard deduction unless they claim itemized deductions for such items as medical expense, charitable contributions, and state and local taxes.
“Single” figure applies when unmarried and not a surviving spouse.
With enough earnings, the standard deduction increases, but not above the amount for taxpayers who are not dependents.
Education benefits
With income above these levels, the deduction for interest on education loans is reduced or eliminated.
These figures are not indexed for inflation.
Ability to exclude savings bond interest with qualifying education expenses is reduced or eliminated with income above these levels.
Alternative Minimum Tax (AMT)
This key figure protects many from paying AMT.
The AMT exemption amount is reduced or eliminated with income above these amounts.
Rate on AMT income below these levels is 26%.
Estate and gift tax
An unlimited exclusion applies to gifts to a spouse who is a U.S. citizen.
Estate and gift tax do not apply until lifetime taxable transfers exceed this amount.
Standard mileage rates
Used when not claiming actual expenses
References: Rev. Proc. 2024-40 (general figures), Notice 25-05 (mileage rates).
More tax figures: Reference Room
