Income Tax Standard Deduction 2025. 75,000 for taxpayers opting for the new tax regime (section 115bac). Taxpayers who qualify for the earned income tax credit (eitc) will also see increases,.

For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the irs said. No changes are announced in the old tax regime in interim budget.