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IRS sets higher standard deduction, new tax brackets for 2025
Inflation's influence on tax brackets in 2025 will be modest after more sizable inflation-adjusted changes of roughly 5.4% in 2024 ... IRS inflation adjustments for 2025 are based on a consumer ... Read More
IRS Releases Income Tax Brackets for 2024
Managing your finances in a tax-efficient way requires planning. Thankfully, the IRS released the income tax brackets for 2024 last year ... Meanwhile, the August consumer price index (CPI ... Read More
Income tax brackets are changing for the 2025 tax year. Here's what Texans should know
Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax. Read More
IRS Announces 2024 Federal Tax Rates And Brackets: How Single Filers Will Be Affected
The IRS encourages taxpayers to proactively assess how these new brackets could ... exceeding $200,000. Major Tax Credit and Deduction Changes for 2024 Several other tax-related updates have ... Read More
IRS’s ‘Where’s My Refund’ App, 2025 Tax Brackets And Other Things To Know About The Upcoming Tax Season
According to IRS data, around two-thirds of taxpayers received refunds in 2024, with an average amount of about $3,100. Many Americans look forward to tax season for the significant refund they ... Read More
2025 Tax Brackets May Lead to More Money in Your Paycheck — Here’s How
Last year, the IRS adjusted its tax brackets to avoid so-called ... However, there are some changes for the other rates: 35% for incomes over $250,525 ($501,050 for married couples filing ... Read More
IRS warns taxpayers of ‘significant changes’ this tax season: Here’s why
The Internal Revenue Service (IRS) is encouraging taxpayers ... More information on these and other credit and deduction changes for tax year 2024 may be found in Publication 17, Your Federal ... Read More
Capital Gains Tax Rates: 2024 and 2025
Let's examine the 2024 ... changes from last year's rates. We will also review the new IRS rates and threshold brackets for 2025. Additionally, we will discuss short-term rates (ordinary income ... Read More
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