On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the ...
The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets estate and gift tax ...
When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...
It's typical for the IRS to make tax code changes each year to account for inflation. This also helps prevent "tax bracket ...
Here's a minor upside of inflation: if your income and deductions stay the same this year as last year, you'll pay less in ...
The IRS has adjusted federal income tax bracket ranges for the 2025 tax year to account for inflation. Here's what you need ...
Americans have a better idea of the taxes they’ll be paying in 2025 thanks to new standard deductions and income tax brackets ...
The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by ...
For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...
In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable ...
The IRS announced that income tax bracket thresholds will rise by about 2.8% for 2025. The modest increase reflects a ...
The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately.