30d ago in General discussion
IRS Releases 2025 Tax Brackets: What You Need to Know
The IRS just announced the new tax brackets for 2025, reflecting slight adjustments for inflation.
Here鈥檚 what you need to know:
馃挕 Key Points:
- Marginal Tax Rates: The income ranges for each tax bracket have shifted slightly. This could affect your tax planning and the amount of taxes you owe.
- Standard Deduction: The standard deduction has also increased, meaning more income will be shielded from taxes for most taxpayers.
- Tax Planning Opportunity: Now is a great time to review your tax strategy for the upcoming year. Consider how these changes might impact your income, deductions, and overall tax bill.
馃搱 Take Action: Revisit your financial plan and consult with a tax advisor to maximize your savings and ensure you鈥檙e prepared for the changes.
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IRS Releases 2025 Tax Brackets: What You Need to Know
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