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

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   The standard deduction climbs to $30,000 − up $800 from 2024 − for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 ...

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

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   The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing separately. IRS announces higher standard deduction, new tax brackets ...

4. What Are Itemized Deductions and How Do They Work? - AOL

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   The standard deduction is a set dollar amount that reduces a taxpayer’s taxable income. With the standard deduction, the taxpayer need not prove or calculate tax write-offs. ... file using the ...

5. What Is the Standard Deduction Amount for 2022-2023 and When ...

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   When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. Check Out: 8 IRS Secrets To Know for the 2023 Tax Filing SeasonMore: 3 ...

6. The mortgage interest deduction could save you thousands on ...

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   The standard deduction rises almost every year, and it can vary depending on your tax filing status. For tax year 2024—return you will file in 2025—the standard deduction amounts are: Head of ...

7. Should you itemize or take a standard deduction on your tax ...

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   According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and ...