Standard Deduction
Filing Status 2025 Standard Deduction Single $15,750 Married Filing Jointly $31,500 Married Filing Separately $15,750 Head of Household $23,625
Adoption Credit
The maximum for 2025 increased to $17,280.
Gift Tax Exclusion
All gifts exclusion increased to $19,000 for the year 2025.
Estate Tax Exclusion
The fatality of Estate decedents during 2025 has a basic exclusion of $13.99 Million per individual.
Foreign Earned Income
The foreign earned income exclusion increased to $130,000.
Life Time Learning Credit (LLC) – No changes.
To determine the phase out balance for the credit the Adjusted Gross Income (AGI) is $160,000 – $180,000. (MFJ)– For single individuals AGI is $90,000.
Archer Medical Savings Accounts(MSA) & Health Savings Accounts (HSA)
* Individuals age 55 or older can contribute an additional $1,000 as a catch-up contribution.
New Clean Vehicle Credit – Expired after 9/30/25
New clean vehicle credit of $7,500 for a vehicle placed in service after December 31, 2022 and before December 31, 2032 (limitations apply).
Standard Milage Rate
Earned Income Tax Credit
Maximum credit increased to $8,046 for qualifier taxpayers having three or more qualifying children.