New Standard Deduction 2025 – Every year, the IRS announces new tax brackets, tiers of income that are taxed at different rates under the nation’s progressive tax system. . With tax season underway, you’ll need to know the standard deduction amount you can claim for 2025. The standard deduction amounts tend to increase slightly each year to adjust for inflation. Let’s .
New Standard Deduction 2025 Your First Look At 2025 Tax Rates: Projected Brackets, Standard : Ready or not, the 2025 tax filing season is here. As of January 29, the IRS is accepting and processing tax returns for 2025. The agency expects more than 128 million returns to be filed before the . The IRS is treading carefully with the launch of a free online tax filing system as the agency and its ambitious project face intense political scrutiny. When the new “direct file” online tax .