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IRS Bumps Up Income Cutoffs and Standard Deduction
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 filing jointly will see a standard deduction of $30,000, which is up $800 from 2024.
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 raises standard deduction, adjusts tax brackets for 2025
The IRS on Tuesday announced new inflation-adjusted tax brackets for the coming year, setting the standard deduction for a single filer at $15,000 and for a married couple at $30,000 for the first time.
SmartAsset on MSN
3d
Ask an Advisor: How Much Money Can I Give Away Without Incurring a Tax Issue With the IRS?
How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...
The College Investor on MSN
6d
2025 IRS Tax Refund Schedule: When To Expect Your Tax Refund
Source: The College Investor Want to know when you can expect your tax refund in 2025? We have our estimated IRS tax refund ...
13m
on MSN
Battleground state election lawsuits and IRS raises income tax brackets: Morning Rundown
Kamala Harris interview, Donald Trump, John Kelly, JD Vance, IRS income tax brackets for 2025, bird flu cases in Washington, ...
7d
on MSN
IRS insider reportedly calls out agency's use of ancient tech and lousy customer service — but these issues have been known about for years
Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you paying as ...
4d
on MSN
Mysterious $7B estate tax payment spurs questions about source of funds
The Treasury Department received a mysterious and anomalous payment of $7 billion in estate taxes in early 2023, which ...
MibolsilloUSA on MSN
3d
SSI will issue an extra check in november
As the 2025 tax season approaches, the IRS is gearing up to streamline the process for millions of taxpayers. With the ...
JD Supra
19h
IRS to Ramp Up Tax Compliance Efforts In Connection with Wagering and Gambling
On September 30, 2024, the Treasury Inspector General for Tax Administration (“TIGTA”) issued a report evaluating the IRS’s ...
cfodive
16h
AICPA asks IRS for fresh cannabis tax guidance
The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits ...
12d
on MSN
IRS Expedites 400,000 Claims Worth $10BN
The IRS said in its October 10 release that the 400,000 ERC claims includes both eligible and ineligible ones, with most of ...
22h
on MSN
New 2025 Child Tax Credit Announced: How Much Is It?
Claiming these and other federal tax credits and deductions like the adoption credit and the Earned Income Tax Credit (EITC) ...
22h
on MSN
IRS ups typical tax deductions for 2025 - here is what it means for your bill from Uncle Sam
IRS ups typical tax deductions for 2025 - here is what it means for your bill from Uncle Sam - U.S. taxpayers will again see ...
JD Supra
16h
IRS Approves New REIT With No Initial Income or Assets
On October 4, 2024, the Treasury Department released a private letter ruling (PLR 202440007, or the PLR) addressing whether a real estate ...
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