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

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   The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single taxpayers and married people filing separately.. The standard deduction climbs to $30,000 − ...

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

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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.

4. 2025 Income Tax Brackets Were Just Released. Where Do ... - AOL

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   In 2024, the standard deduction is $14,600 for single filers and $29,200 for married taxpayers filing jointly. In 2025, the deduction will increase almost 3% to $15,000 for single taxpayers and ...

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Many states allow a standard deduction or ... The accelerated phase-out of a tax on dividends and interest completed at the start of 2025. ... North Carolina – 4.50 ...

6. 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 ...

7. Tax season 2025: Everything to know before you file, and how ...

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   Filing status. 2024 standard deduction amount. Single. $14,600 (up $750 from 2023) Head of household. $21,900 (up $1,100 from 2023) Married filing jointly

8. Trump’s back in office — here’s what to expect for your taxes ...

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   Under the TCJA, key changes were made to individual tax laws, including the near-doubling of the standard deduction and increasing the child tax credit to $2,000, from $1,000.

9. IRS announces new tax brackets for 2025. How many Ohio ... - AOL

   www.aol.com/irs-announces-tax-brackets-2025...

   New IRS tax brackets for 2025. The IRS has raised the income thresholds for tax brackets by about 2.8% from 2024, CBS News reports. The agency also increased the standard deduction to $15,000 for ...