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The IRS raises standard deductions and adjusts tax brackets upward by 2.75% for 2024 and 2025 filings.
The IRS has announced changes for 2024 and 2025 tax filings, including increased standard deductions and a 2.75% rise in tax brackets for various income levels.
For 2024, single filers see a $750 increase to $14,600, while married couples filing jointly receive a $1,500 increase to $29,200.
Tax brackets for 2025 will also rise by approximately 2.75% for both single and joint filers.
These adjustments aim to account for inflation and may affect tax liabilities.
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El IRS eleva las deducciones estándar y ajusta los tramos impositivos en un 2,75% para 2024 y 2025.