The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

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

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

It's typical for the IRS to make tax code changes each year to account for inflation. This also helps prevent "tax bracket ...

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...

Claiming these and other federal tax credits and deductions like the adoption credit and the Earned Income Tax Credit (EITC) ...

Here's a minor upside of inflation: if your income and deductions stay the same this year as last year, you'll pay less in ...

For family coverage in tax year 2025, the annual deductible is not less than $5,700, increasing from $5,550 in tax year 2024; ...

The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.

The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend. Last ...

With income-driven repayment plans tied up by the courts, the Education Department on Monday scrambled to give millions of borrowers options.