The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 ... represent the smallest ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

The IRS on Tuesday announced new inflation-adjusted tax brackets for the coming year, setting the standard deduction for a ...

Tax refunds are usually issued within 21 days. Use the IRS "Where's My Refund?" tool to track your refund status.

Depending on your tax-filing status, you are entitled to take one of the following standard deductions for the 2021 tax year: Single or married filing separately: $12,550. Head of household ...

The IRS announced plans to issue automatic payments to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The Recovery Rebate Credit provides up to $1,400 ...

90% of individuals claimed the standard deduction in 2021. Taxpayers who itemize their deductions on their federal income tax returns and receive a state tax refund must include the refund in ...