The IRS annually updates its inflation adjustments for each tax and the new rules will go into effect for tax returns filed starting in the 2026 filing season. In 2026, for the ta

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers.

For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals filing separately) and begins to phase out at $626,350. For married couples filing jointly, the exemption amount increases to $137,000 and begins to phase out at $1,252,700.

While the top tax rate of 37 percent remains unchanged, it will now apply to individuals earning more than $626,350 for single taxpayers in 2025, up from $609,350 in 2024.

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns.

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.

The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.

The IRS has announced new federal income tax brackets and standard deductions for 2025. In its announcement on Tuesday, the agency raised the income thresholds for each bracket, which applies to tax year 2025 for returns filed in 2026.

The Internal Revenue Service unveiled its tax brackets for 2025 on Tuesday, with moderate adjustments to the income ranges for marginal rates. The 2025 tax year, which will have a filing deadline of April 15,

For the 2025 tax year, the IRS has revised the tax rates and deductions to account for inflation. All tax categories will see higher income levels, while married couples and single filers would have higher standard deductions.