… will matter who's in the Senate, Finance, who's in the House Ways and Means Committee, because the math, the math takes off. So let's actually go a little bit further. Expiring 2025 tax provisions, standard deduction. If you are single, you get a $14,600 deduction. That goes away next year and that standard deduction goes to $8,300. Anyone see a problem? Married, you get a $29,200 deduction today. A year from now that's gone, you go to $16,600. (14:26–14:40)
CLAIM
Asserts that the standard deduction for single filers will decrease from $14,600 to $8,300 next year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
