Head Of Household Deduction 2025. Young and the invested tip: Finance minister nirmala sitharaman widened the slab for zero income tax and increased the standard deduction for all taxpayers in the july 2024 budget.
Seniors over age 65 can claim an additional standard deduction of $2,000 as single filers or $1,600 as joint. Tax policy experts explore the details and analysis of repealing head of household filing status, a potential 2025 tax reform option.
