US announces new tax brackets for 2025. Here's all you need to know
Oct 23, 2024 3:21 AM IST
IRS announces modest inflation-adjusted tax brackets for 2025, with a 2.8% increase, the smallest in years, aimed at addressing bracket creep.
For 2025, the standard deduction for married couples rises to $30,000, while the tax-free gift limit increases to $19,000 per recipient. REUTERS/Andrew Kelly/File Photo
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