In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable ...
The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets, estate and gift tax ...
For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...
Americans have a better idea of the taxes they’ll be paying in 2025 thanks to new standard deductions and income tax brackets ...
The standard deduction will now be $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the ...
When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...
For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...
The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other ...
Learn the IRS rates and inflation adjustments for 2024 federal taxes—tax brackets, federal income tax rates, new IRA rules, ...
“For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024,” the ...
On Tuesday, the IRS revealed the updated inflation-adjusted tax brackets for 2025, with income thresholds increasing by ...