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2. The IRS has announced its new 2025 tax brackets. Here's what ...

   www.aol.com/irs-announced-2025-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.

3. What are the tax brackets for tax years 2024 and 2025? What ...

   www.aol.com/tax-brackets-tax-years-2024...

   IRS tax rates for tax year 2024. The IRS announced tax rates for its seven tax brackets for tax year 2024: 37% – Single income over $609,350 and married couples filing jointly with income over ...

4. The IRS will soon set its new 2025 tax brackets. Here's what ...

   www.aol.com/irs-soon-set-2025-tax-184950231.html

   Next year's tax bracket rates will remain the same, but the cutoffs for each band of taxation will rise based on the inflation adjustments. The individual tax rates will remain 10%, 12%, 22%, 24% ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

7. American Taxpayer Relief Act of 2012 - Wikipedia

   en.wikipedia.org/wiki/American_Taxpayer_Relief...

   For individuals with taxable income of $400,000 per year or less ($450,000 for a married couple on a joint tax return, both thresholds to be indexed for inflation after 2013), [2] the tax rates for income, capital gains, and dividends remained at their 2003-2012 levels, instead of reverting to the higher rates from the expiration of the Bush ...