Oct 22, 2024 · For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024.

Oct 22, 2024 · The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

Oct 22, 2024 · The Internal Revenue Service (IRS) has released its full list of changing tax rules for 2025, and Americans are likely to see major updates to standard deductions and certain tax credits.

Jan 10, 2025 · The IRS has made several important changes for the 2025 tax year, including adjustments to federal income tax brackets and standard deductions to account for inflation. These changes will impact ...

Oct 22, 2024 · These latest numbers are for 2025 income, and they will be applied to tax returns that Americans will file during the 2026 tax season. The new levels also serve as a reminder that inflation...

Nov 4, 2024 · For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase from $609,350 the tax year before.)

Dec 30, 2024 · In late October, the IRS announced the annual inflation adjustments for tax year 2025 and detailed information on adjustments and changes to more than 60 tax provisions that will impact taxpayers when they file their returns in 2026. Some of the items for tax year 2025 that are likely to be of greatest interest to taxpayers include:

Oct 29, 2024 · The IRS has released the 2025 inflation adjustments for income tax brackets and other important provisions within the tax code (Rev. Procedure 2024-40). The adjustments were more modest than in recent years, generally reflecting an overall slowdown in inflation from the 40-year highs in 2022.

Oct 22, 2024 · If you’re a single filer in the 22 percent tax bracket for 2025, you won’t pay 22 percent on all your taxable income. You will pay 10 percent on taxable income up to $11,925; 12 percent on the amount between $11,926 and $48,475; and …

IRS Tax Tip 2025-03, Jan. 8, 2025. As tax filing season approaches, the IRS Get Ready campaign reminds taxpayers of simple steps they can take now to get ready to file their 2024 federal tax returns.As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing new online tools as well as expanding and updating other digital tools.