The IRS on Tuesday provided its annual inflation adjustments for over 60 tax provisions in tax year 2025, including increases in the standard deduction for married couples and single individuals.
What is not changing is the top tax rate. The IRS says that will remain at 37% for individual single taxpayers with incomes ...
The standard deduction — which is the amount of money you can reduce from your income before it's taxed, if you choose not to itemize your deductions — will increase to $15,000 for individual filers, ...
The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...
On Tuesday, the Internal Revenue Service announced updated federal income tax brackets and standard deductions for 2025, impacting tax returns filed in 2026. The new thresholds will come as a relief ...
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the tax ...
Trading capital gains and losses are combined on Schedule D with investment capital ... subject to the 15% capital gains rate ...
The Internal Revenue Service (IRS) on Tuesday announced higher standard deductions for taxpayers in 2025 as part of its ...
The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately.
The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend.