Tax Tips

Standard Deduction Increase

January 23, 2025 · 1 min read

The standard deduction for 2025 has increased to:

For many taxpayers, taking the standard deduction may be more beneficial than itemizing. However, it's essential to calculate both options to determine which will result in the lower tax liability.

Have a question about how this applies to your business? Schedule a free first appointment with RKG Accountants, or email us at info.rkgacc@gmail.com.
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