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Stay updated on the news about taxes, deadlines, deductions, laws, the IRS, and all things related to your income taxes. ... 5 Things You Need To Know for the 2025 Tax Season.
Also, Brookings reported that many key provisions of the 2017 Tax Cuts and Jobs Act will sunset at the end of 2025 without Congressional action. Although 2024 is in the books, now is the time to ...
That means, for example, that a single tax filer with $45,000 of taxable income would have a top tax rate of 12% in 2024, whereas that same taxpayer would have had a top tax rate of 22% in 2023.
News. Shopping. Main Menu. News. News. Entertainment. Lighter Side. Politics. Science & Tech. Sports. Weather. 24/7 Help. ... you will be allowed to give a little bit more in 2025 with tax ...
The IRS has raised the income thresholds for tax brackets by about 2.8% from 2024, CBS News reports. The agency also increased the standard deduction to $15,000 for those filing individually (an ...
Republicans retained their slim majority in the House of Representatives, despite losing a seat, during the 2024 United States House of Representatives elections. [17] With a two seat larger majority, in the January 2023 Speaker of the United States House of Representatives election, a faction of the Republican majority, mostly represented by the Freedom Caucus, refused to support Republican ...
Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...
Here are the nine states that tax Social Security benefits in 2025: Colorado. Connecticut. Minnesota. Montana. New Mexico. Rhode Island. ... CBS News. All 10 victims recovered from Alaska plane ...