Remember, a standard deduction reduces how much of your income on which you are taxed. Tax brackets for tax year 2025 As it did last year, the IRS is also adjusting the tax brackets.

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.

The IRS has unveiled higher federal tax brackets for 2025 to adjust for inflation. The standard deduction will increase to $30,000 for married couples filing together and $15,000 for single taxpayers.

WASHINGTON (TNND) — The IRS just announced its inflation-adjusted tax brackets for 2025 along with dozens of other provisions for next year. Usha Rackliffe, a finance expert at Emory University ...

The IRS streamlines business tax audits with new rules that phase out slow processes and expand settlement options, starting ...

The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.