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 filing separately) and begins to phase out at $626,350. For married couples filing jointly, the exemption amount increases to $137,000 and begins to phase out at $1,252,700.
In 2026, for the tax year 2025, the standard deduction got a $400 boost, making it $15,000 for single filers. Married couples ...
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U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation ...
The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.
The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits ...
The higher standard deduction and new income ranges for each tax bracket mean that someone who earned the same income would ...
The Internal Revenue Service has released Revenue Procedure 2024-40, which specifies t he annual inflation adjustments for ...
IRS officials were concerned Economic Impact Payments that included Trump's name could have breached federal law.
A Georgia man pleaded guilty to obstructing the Internal Revenue Service related to his participation in the promotion of abusive syndicated conservation easement tax shelters, the Justice Department ...
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