What Is The Senior Tax Deduction For 2025 . These adjustments can have a significant impact on your. In the upcoming tax year of 2025, adjustments have been made to the income thresholds across the seven federal tax bracket levels.
You could fall into a lower bracket for the income you earn in 2025 thanks to the new income tax rates. The standard deduction will rise to $15,000 for single filers and married individuals filing.
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