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IRS sets higher standard deduction, new tax brackets
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.
The IRS released 2025 federal income tax brackets for 2024 income. What will yours be?
When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers.
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.
4h
on MSN
IRS Changes Tax Rules for 2025: Full List of Who's Impacted and How
In 2026, for the tax year 2025, the standard deduction got a $400 boost, making it $15,000 for single filers. Married couples ...
7h
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.
5h
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 ...
Opinion
1m
Opinion
Uncle Sam extends 25% CHIPS Act tax credit to wafer, solar panel manufacturing
On Tuesday the Biden administration extended a 25 percent tax credit to another kind of wafer manufacturing: that of ...
4h
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 ...
1h
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 ...
5h
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 ...
21h
on MSN
IRS Feared 'Trump' Stimulus Checks Broke Law, Emails Reveal
IRS officials were concerned Economic Impact Payments that included Trump's name could have breached federal law.
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