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IRS sets higher standard deduction, new tax brackets
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The Internal Revenue Service just set its levels for income-tax brackets and a commonly-used deduction that Americans will have for their 2025 taxes. Take a long look at the numbers. Things might look a lot different for taxes in 2026.
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 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. More From Newsweek Vault: Rates Are Still High for These High-Yield Savings Accounts
3h
on MSN
Yellen touts IRS enforcement as helping close the budget deficit
Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...
Accounting Today
12d
IRS sees tax gap growing
The Internal Revenue Service released the latest tax gap projections Thursday, which pertain to tax year 2022, showing an ...
4h
Americans Living Abroad: Foreign Housing Tax Break, Explained
Americans abroad get tax breaks, including foreign housing costs. IRS limits for high-cost cities have not changed in over a ...
7d
on MSN
An Atlanta surgeon is waiting for his third check from the IRS — after his first $96K tax refund went missing and his second was fraudulently deposited. Here’s how to ...
Here’s what to do if your tax refund goes missing — and how to protect yourself going forward. When your tax refund goes ...
15h
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 ...
Forbes
21h
2024 Year-End Tax Planning Strategies For Active Traders And Investors
See “
IRS
provides
tax
inflation adjustments for
tax
year 2024 ... The TCJA’s EBL and NOL carryforward rules apply for ...
Hosted on MSN
8d
Some hurricane victims can get a tax break for losses. Here's what you need to know
The
IRS
safe harbors generally don't rely on appraisals ... "AICPA has been actively advocating for permanent uniform
tax
...
JD Supra
2d
The IRS Digital Asset Broker Reporting Requirements
The IRS digital asset broker reporting requirements were finalized earlier this year and impact all digital asset (i.e., ...
17h
on MSN
IRS Changes Tax Rules for 2025: Full List of Who's Impacted and How
The IRS annually updates its inflation adjustments for each tax and the new rules will go into effect for tax returns filed ...
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