Tax Information

Standard vs. Itemized Deduction: Which One Should You Choose?

 Choosing between the standard deduction and itemized deductions is one of the most important decisions on your tax return. For the 2025 tax year, understanding how each option works can help you legally reduce your taxable income and avoid overpaying taxes.

The right choice depends on your filing status, income, expenses, and overall tax situation.

What Is the Standard Deduction?

The standard deduction is a fixed dollar amount that reduces your taxable income without requiring you to list individual expenses. The amount is adjusted annually by the Internal Revenue Service for inflation and varies based on filing status. 

Most taxpayers choose the standard deduction because it:

  •  Is simple and fast to claim 
  •  Requires no documentation of expenses 
  •  Often results in a lower tax bill for people with limited deductible expenses 

Standard Deduction for 2025:

 Single  $15,750
 Married Filing Separately  $15,750
 Married Filing Jointly  $31,500
 Qualifying Widow(er)  $31,500
Head of Household  $23,625
Single or Head of Household – Age 65 or Blind  $33,500
Single or Head of Household – Age 65 and Blind  $35,500
Married Filing Jointly – Age 65 or Blind (per spouse)  $33,100
Married Filing Jointly – Age 65 and Blind (per spouse)  $34,700

What Are Itemized Deductions?

Itemized deductions allow you to deduct specific qualifying expenses instead of taking the standard deduction. This option requires more documentation but can result in greater tax savings for certain taxpayers. 

 Common itemized deductions include: 

  •  Mortgage interest 
  •  State and local taxes (subject to IRS limits) 
  •  Charitable contributions 
  •  Medical expenses that exceed IRS thresholds 
  •  Casualty or theft losses (when allowed) 

 

The decision between standard and itemized deductions for 2025 is not about guessing—it’s about calculating which option produces the lowest tax liability based on your real numbers.