The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...
The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
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Standard deduction hits $31,500 for married filers in 2025
The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield $31,500 of income from federal income tax. That higher threshold will shape how ...
The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...
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