The standard deduction is a specific amount that you can deduct from your taxable income before you calculate your taxes. The standard deduction varies depending on your filing status and is adjusted each year for inflation. For married couples filing jointly in 2025, the standard deduction is $27,700.
The standard deduction is important because it can significantly reduce your taxable income, which can lead to lower taxes. The standard deduction is also beneficial because it is simple to use. You do not need to itemize your deductions to claim the standard deduction.