Tax Deductions You Don’t Want to Miss in 2025
Higher Standard Deduction
Good news! The standard deduction has increased again for 2025.
• Single filers: $15,000
• Married filing jointly: $30,000
This means more income you can protect from taxation — and fewer people needing to itemize.
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​Even if you usually itemize, we’ll compare both options to make sure you get the biggest benefit possible.
Extra Deduction for Seniors (Age 65+)
If you’re 65 or older, you may qualify for a new “bonus deduction” of up to $6,000 (single) or $12,000 (married filing jointly) — on top of the regular standard deduction.
TNT Tip: Retirees often overlook this extra savings opportunity. We’ll make sure you don’t.
Bigger Break for State & Local Taxes (SALT)
The cap on state and local tax deductions has been raised for certain filers in 2025.
If you live in a high-tax state and still itemize, this change could make a noticeable difference.
Ask us to review whether itemizing makes sense for you under the new limits.
Overtime Pay Deduction
Working long hours could pay off at tax time!
For 2025, you may be able to deduct up to $12,500 of qualified overtime pay — or $25,000 if married filing jointly.
Applies to eligible W-2 employees — we’ll review your income and confirm if you qualify.
