The IRS released federal income tax brackets for 2024 income
14 hours ago · The Internal Revenue Service has unveiled the federal income tax brackets for 2025, which are adjusted for inflation. For filing taxes next year on 2024 income, the standard deduction will ...
News releases for current month - Internal Revenue Service
IR-2024-260, Oct. 7, 2024 — The Internal Revenue Service today encouraged taxpayers to file their 2023 tax year federal income tax return on or before the upcoming Tuesday, Oct. 15, 2024, deadline to avoid possible late filing penalties.
Tax updates and news from the IRS | Internal Revenue Service
Get critical updates that may affect your tax filing and recent IRS news. IRS sends letters disallowing improper ERC claims – As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the IRS is sending letters to thousands of taxpayers notifying them of disallowed ERC claims.
IRS releases tax inflation adjustments for tax year 2025
17 hours ago · IR-2024-273, Oct. 22, 2024. WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. Revenue Procedure 2024-40 PDF provides detailed information on adjustments and changes to more than 60 tax provisions that will impact taxpayers when they file their returns in 2026.. Notable changes for tax year 2025
IRS: Taxpayers will get bigger standard deductions in 2025 | AP News
16 hours ago · The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 — up $400 from 2024.
IRS announces new federal income tax brackets for 2025 - NBC News
15 hours ago · The IRS has announced new federal income tax brackets and standard deductions for 2025. In its announcement on Tuesday, the agency raised the income thresholds for each bracket, which applies to ...
FACT SHEET: IRS Ramps Up New Initiatives Using Inflation …
Jan 12, 2024 · WASHINGTON – The Internal Revenue Service (IRS) has made continued progress in expanding enforcement efforts related to high-income individuals, large corporations, and complex partnerships as part of wider efforts to transform the agency using Inflation Reduction Act (IRA) resources.
IRS plans to make its free tax filing program permanent
May 30, 2024 · The Internal Revenue Service said Thursday that it will continue and expand its free tax filing program in 2025. A pilot version of the online program, known as Direct File, launched...
IRS Releases Inflation-Adjusted Payroll Amounts for 2025 - Bloomberg Tax
14 hours ago · The Internal Revenue Service published its adjustments to payroll-related amounts for 2025 on Oct. 22. Income Tax Brackets. Revenue Procedure 2024-40 includes adjusted income tax brackets for 2025, with rates continuing to range from 10% to 37%.. The 10% rate will apply to income of up to $23,850 for married individuals filing jointly, $17,000 for heads of households, …
Taxpayers will get bigger standard deductions in 2025, but ... - ABC News
21 hours ago · The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single taxpayers and married individuals filing separately in tax year 2025, the ...
- Some results have been removed