IRS Announces Changes for 2025 Tax Year
The IRS has announced several changes for the 2025 tax year, which will impact tax returns filed in 2026. Here’s a breakdown of the updates: 1. Standard Deduction Increases • Single filers: Standard deduction raised to $15,000. • Married couples filing jointly: Raised to $30,000. • Heads of household: Increased to $22,500. These […]