Plus: Missing precious metals, stolen Treasury checks, staking and cryptocurrency, syndicated conservation easements, SALT ...

The Senate is beginning to consider Republican leadership’s tax and budget reconciliation legislation. Follow this space for ...

A significant tax overhaul in 2017 bulked up standard deduction amounts, and in recent years, the IRS has made them even bigger as inflation soared. The standard deduction is a flat dollar amount ...

Single filers: $14,600 (up from $13,850 in tax year 2023 ... double-check your standard deduction amount and filing status before preparing your 1040. The IRS website also offers useful resources ...

The IRS adjusts tax brackets ... will see their standard deduction - the amount of income that is not taxable - increase to $14,600 for 2024, up by $750 from 2023. Married couples filing jointly ...

She is a graduate of UNC Chapel Hill and joined Newsweek in 2023. You can get in touch ... could see more money untouched by the IRS. The standard deduction, which is the amount of income ...

Advertisement Article continues below this ad An announcement from the IRS reads ... year 2023. “For single taxpayers and married individuals filing separately, the standard deduction ...

Because inflation jumped during the pandemic, the bracket adjustments were larger in the past few years, reaching 7% in 2023 ... standard deduction as well as other deductions and tax credits ...

In tax adjustments announced last year, for example, the IRS raised single filers' standard deduction by $750 between the 2023 and 2024 tax years — and by $1,500 and $1,100 for married couples ...

In tax adjustments announced last year, for example, the IRS raised single filers’ standard deduction by $750 between the 2023 and 2024 tax years — and by $1,500 and $1,100 for married couples ...

Overall, for example, we're talking about roughly a 2.7% inflation-related adjustment that would apply to the standard deduction ... 5.4% in 2024 and 7.1% in 2023. “Each year select elements ...