In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

The standard deduction will rise to $15,000 for an individual or $30,000 for a married couple. The IRS on Tuesday announced ...

The standard deduction will now be $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the ...

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from ...

The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend.

While the top tax rate of 37 percent remains unchanged, it will now apply to individuals earning more than $626,350 for ...

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other ...

For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the ...