This is not just for billionaires, this is not just for millionaires, but this is for the majority of people who actually file their taxes that they boosted the standard deduction. IRS data shows that up to 90% of filers opt for the standard deduction after it first doubled in the TCJA. But for the tax year of 2025, the standard deduction was $15,750. For single filers, it was 23,625 for heads of household and 31,500 for married couples filing jointly. (01:34–01:42)
CLAIM
Asserts that 90% of tax filers choose the standard deduction after it was doubled by the TCJA.
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