IRS releases 2025 tax brackets: standard deduction raised to $15k single, $30k joint.

by
Sharing is Caring!

www.nbcnews.com/business/taxes/irs-announces-new-federal-income-tax-brackets-2025-rcna176581

The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately.

See also  Still not a single mainstream media outlet has covered this.

The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly.

For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 from 2024.

See also  Iran says it’s planning to hold 1st joint military drills with Saudis in Red Sea

About 90% of taxpayers claim the standard deduction now and do not itemize deductions.

www.usatoday.com/story/money/taxes/2024/10/22/irs-adjusts-tax-rates-standard-deductions-for-2025/75794692007/

Views: 179

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.