The IRS has announced new federal income tax brackets and standard deductions for next year. The new policies start in the ...

The federal tax agency's latest update includes items on standard deductions, clarity on marginal tax rates, and the ...

The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend. But Americans are still feeling some key price pressures.

It’s official: 2025 will mark another year in which millions of Americans could take home more on each paycheck thanks in ...

CBS News business analyst Jill Schlesinger breaks down the new IRS 2025 tax brackets. Each year, the agency makes adjustments ...

Americans have a better idea of the taxes they’ll be paying in 2025 thanks to new standard deductions and income tax brackets ...

Americans abroad get tax breaks, including foreign housing costs. IRS limits for high-cost cities have not changed in over a ...

The IRS also released updated numbers on several other tax markers, including the standard deduction, which rose $400 from ...

Overall, for example, we're talking about roughly a 2.7% inflation-related adjustment that would apply to the standard ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by ...

The starting annual income ranges for each tax rate increased based on inflation with each income range going up roughly 2.8% from tax year 2024.

For single taxpayers and married individuals filing separately, the deduction is rising to $15,000 — up $400 from 2024.