2025 Tax Deductions Guide
Standard deduction vs itemizing – what saves you more?
2025 Standard Deductions
Single$15,000
Married Filing Jointly$30,000
Head of Household$22,500
Standard vs Itemized
Itemize if your total itemized deductions exceed the standard deduction. Otherwise, take the standard deduction.
Tip: About 90% of taxpayers use the standard deduction. Itemizing is typically only beneficial if you have a large mortgage, high state taxes, or significant charitable donations.
Common Itemized Deductions
State & Local Taxes (SALT)
Capped at $10,000 per year
Mortgage Interest
On loans up to $750,000
Charitable Contributions
Up to 60% of AGI
Medical Expenses
Exceeding 7.5% of AGI
Above-the-Line Deductions (Everyone Gets)
Student Loan InterestUp to $2,500
HSA Contribution (Individual)Up to $4,300
HSA Contribution (Family)Up to $8,550
Traditional IRAUp to $7,000
401(k) ContributionUp to $23,500
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