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Stay updated on the news about taxes, deadlines, deductions, ... 5 Things You Need To Know for the 2025 Tax Season. ... The Today Show.
The Internal Revenue Service announced that the 2025 tax filing season will officially begin on Jan. 27, when taxpayers can file returns for the 2024 tax year. CBS News 4 days ago Here's when you can start filing your 2024 tax returns
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 ...
We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
WASHINGTON (Reuters) -Congressional Republicans’ tax and spending package will be announced this weekend, U.S. House Speaker Mike Johnson said on Friday. “Probably not today,” Johnson said ...
3. Harris wants to scale up tax credits for families and first-time homebuyers, while Trump wants to create new tax breaks. Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for ...