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

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   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 ...

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. 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).

6. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

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

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

   The standard deduction will go up for 2025 tax returns by $400 from 2024 for ... These new figures would apply when you file your 2025 federal income tax return in 2026. ... the actual amount of ...

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

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

   The IRS announced new federal income tax brackets on Tuesday, adjusting them for inflation. ... New IRS tax brackets for 2025. ... The agency also increased the standard deduction to $15,000 for ...

9. 5 Ways To Pay Less in Taxes With the New 2025 Tax ... - AOL

   www.aol.com/finance/5-ways-pay-less-taxes...

   The standard deduction is a specific dollar amount you can subtract from your income to decrease how much your income is taxed by the government. According to the IRS, the standard deduction is ...