Quick Refresh: Key Numbers for Your 2025 Return
Since you are currently waiting on a refund for the 2025 tax year, remember that the numbers governing your return (filed in early 2026) were adjusted for inflation.
According to IRS Revenue Procedure 2024-40, the standard deductions for the return you just filed were:
- Single / Married Filing Separately: $15,000
- Married Filing Jointly: $30,000
- Head of Household: $22,500
Understanding these numbers helps clarify why your refund might be higher or lower than last year. If your income increased but didn’t jump into a higher bracket, these higher deduction limits might have lowered your taxable income.
Please I will like my refund to be forwarded to my salary account thank you.