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Saturday, November 23, 2024

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Internal Revenue Service

IRS 2025 Tax Brackets Are Out: Will You Save Or Pay More?

22 Oct 2024

The IRS (Internal Revenue Service) has revealed updated federal income tax brackets and standard deductions for the 2025 tax year. In an announcement on Tuesday, the agency raised the income limits for each bracket, which will impact tax returns filed in 2026. For 2025, the highest tax rate of 37%...