2021 Standard Deduction

IRS sets higher standard deduction, new tax brackets

Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns.

USA Today · 17h

IRS sets higher standard deduction, new tax brackets for 2025

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

Newsweek on MSN · 11h

IRS Announces Higher Standard Deductions for Taxpayers in 2025

While the top tax rate of 37 percent remains unchanged, it will now apply to individuals earning more than $626,350 for single taxpayers in 2025, up from $609,350 in 2024. More From Newsweek Vault: Rates Are Still High for These High-Yield Savings Accounts

Forbes18h

2024 Year-End Tax Planning Strategies For Active Traders And Investors

Try to advance enough income to use the standard deduction and take advantage of lower marginal ... The TCJA’s EBL and ...

CNBC3d

How to claim the mortgage interest deduction

The maximum deduction includes the total amount of loans on your primary and secondary residences. The Tax Cuts and Jobs Act of 2017 nearly doubled the standard deduction, from $6,500 to $12,000 ...

Tax Guru2h

Deduction u/s 80P was allowable on interest and dividend income earned from Cooperative Banks

Conclusion: Since cooperative banks were considered cooperative societies for the purpose of Section 80P (2) (d), thereby making assessee’s interest and dividend income eligible for deduction. Such ...

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