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What is the standard deduction?

Quick Answer

The standard deduction is a flat amount you subtract from gross income before calculating tax — $15,000 single, $30,000 married filing jointly for 2025. About 90% of filers take it because it exceeds their itemizable expenses.

what-is-the-standard-deduction
Warren Team
Updated October 4, 2025
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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