Sunday, December 15, 2024

2025 tax brackets and federal income rates

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Federal tax brackets for 2025

Higher standard deduction

The standard deduction will also increase in 2025, rising to $30,000 for married couples filing jointly, up from $29,200 in 2024. Starting in 2025, single filers can claim $15,000, a bump from $14,600.

Trump’s tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn’t extend that tax break. 

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