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Filing status Year Single Married filing separately Married filing jointly Qualifying surviving spouse Head of household 2024 [6]: $14,600 $29,200 $21,900
[2] [3] [4] The Tax Cuts and Jobs Act of 2017 signed into law by President Donald Trump put a $10,000 cap on the SALT deduction for the years 2018–2025. [5] The Tax Policy Center estimated in 2016 that fully eliminating the SALT deduction would increase federal revenue by nearly $1.3 trillion over 10 years. [6]
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
To be clear, the following are the tax brackets and marginal tax rates for 2020, which apply to the tax returns that you’re required to file by April 15 of this year. Single Filers 10%: $0-$9,875
Just like Form 1040 and 1040-SR, if you live in American Samoa, Puerto Rico, Guam, the U.S. Virgin Islands or the Northern Mariana Islands, you should refer to IRS Publication 570 for more ...
Unbridled Power: Inside the Secret Culture of the IRS. New York: HarperCollins. ISBN 0-88730-829-5. Johnston, David Cay (2003). Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich – and Cheat Everybody Else. New York: Portfolio. ISBN 1-59184-019-8. Rossotti, Charles O. (2005).
Don't make a simple mistake that can lead to a delay.
The delays in 2020 and 2021 were pandemic-related. However, last year, the IRS pushed back the deadline for filing 2021 tax returns and for paying taxes owed because of the Emancipation Day ...