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2. IRS sets higher standard deduction, new tax brackets for 2025

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   For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.

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

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   The exemption amount for married couples filing jointly increased to $133,300 and begins to phase out at $1,218,700, up $6,800 and $62,400 compared with tax year 2023, the IRS said. The tax year ...

4. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

5. IRS announces higher standard deduction, new tax ... - AOL

   www.aol.com/irs-announces-higher-standard...

   For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.

6. Taxpayers will get higher standard deductions in 2025, IRS ...

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   For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024.

7. 2025 Income Tax Brackets Were Just Released. Where Do ... - AOL

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   Thanks to increased tax bracket thresholds, Americans may find themselves paying less in taxes on more income next year. The standard deduction will further help an estimated 9 in 10 filers to ...

8. The IRS just announced big tax changes for 2025 - AOL

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   For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...

9. The 2025 tax brackets are here. How much will you owe? - AOL

   www.aol.com/finance/2025-tax-brackets-much-owe...

   Most taxpayers opt for the standard deduction vs. itemizing. The standard deduction will increase to the following amounts in 2025: Single filers: $15,000. Heads of household: $22,500. Married ...