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.