Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years
NEW YORK — U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. …
Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years Read More