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IRS Announces Higher Standard Deductions for Taxpayers
IRS announces higher standard deduction, new tax brackets for 2025
Overall, for example, we're talking about roughly a 2.7% inflation-related adjustment that would apply to the standard deduction. Start the day smarter. Get all the news you need in your inbox each morning.
IRS sets new tax brackets, raises standard deduction for 2025
The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.
IRS Announces 2025 Tax Brackets, Standard Deductions And Other Inflation Adjustments
The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.
1h
IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from ...
3h
on MSN
Here are the new federal income tax brackets for 2025—the standard deduction is now up to $30,000
On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the ...
37m
on MSN
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The Internal Revenue Service just set its levels for income-tax brackets and a commonly-used deduction that Americans will ...
3h
IRS releases new 2025 income tax brackets, standard deductions: Where do you fall?
For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...
7h
on MSN
Taxpayers will get higher standard deductions in 2025, IRS announces
U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation ...
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