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IRS sets higher standard deduction, new tax brackets
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 have for their 2025 taxes. Take a long look at the numbers. Things might look a lot different for taxes in 2026.
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
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
27m
Americans Living Abroad: Foreign Housing Tax Break, Explained
Americans abroad get tax breaks, including foreign housing costs. IRS limits for high-cost cities have not changed in over a ...
Accounting Today
12d
IRS sees tax gap growing
The Internal Revenue Service released the latest tax gap projections Thursday, which pertain to tax year 2022, showing an ...
6d
on MSN
An Atlanta surgeon is waiting for his third check from the IRS — after his first $96K tax refund went missing and his second was fraudulently deposited. Here’s how to ...
Here’s what to do if your tax refund goes missing — and how to protect yourself going forward. When your tax refund goes ...
11h
on MSN
NFT Tax Guide
Non-fungible tokens are a new type of asset, distinct from cryptocurrency. At present, the IRS treats it the same as other ...
Forbes
16h
2024 Year-End Tax Planning Strategies For Active Traders And Investors
See “
IRS
provides
tax
inflation adjustments for
tax
year 2024 ... The TCJA’s EBL and NOL carryforward rules apply for ...
4d
on MSN
The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
It involved some detective work, too, as the IRS received third-party information — much of it through W-2s and 1099s — that indicated a gulf between what rich people made and ...
JD Supra
1d
The IRS Digital Asset Broker Reporting Requirements
The IRS digital asset broker reporting requirements were finalized earlier this year and impact all digital asset (i.e., ...
Hosted on MSN
7d
Some hurricane victims can get a tax break for losses. Here's what you need to know
The
IRS
safe harbors generally don't rely on appraisals ... "AICPA has been actively advocating for permanent uniform
tax
...
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