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Kiplinger
Kiplinger
Business
Kate Schubel

2025 Standard Deduction Changes Under New Trump Tax Bill

IRS Income Tax
2025 on four wooden blocks on a wood background surrounded by bright yellow crumpled up pieces of paper.

In light of the recent GOP tax bill being signed into law by President Trump, many may wonder: What is the new standard deduction?

The reconciliation bill, dubbed the "big beautiful bill" (BBB), includes a bunch of tax cuts and provisions that will impact U.S. taxpayers for years to come.

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