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IRS Reveals New Tax Rates, Deductions for 2025
News October 22, 2024 at 12:20 PM
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What You Need To Know
- The Internal Revenue Service has announced its annual inflation adjustments for tax year 2025.
- The tax year 2025 adjustments generally apply to income tax returns to be filed starting tax season 2026.
- More than 60 provisions in the tax code have been updated, but some key amounts remain flat.
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