Overall, for example, we're talking about roughly a 2.7% inflation-related adjustment that would apply to the standard ...
It's typical for the IRS to make tax code changes each year to account for inflation. This also helps prevent "tax bracket ...
The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets, estate and gift tax ...
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...
On Tuesday, the IRS revealed the updated inflation-adjusted tax brackets for 2025, with income thresholds increasing by ...
Americans have a better idea of the taxes they’ll be paying in 2025 thanks to new standard deductions and income tax brackets ...
Here's a minor upside of inflation: if your income and deductions stay the same this year as last year, you'll pay less in ...
For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...
The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years.
The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend.
The standard deduction will now be $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the ...