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IRS Announces 2025 Tax Bracket Changes Due to Inflation Adjustments

Name: IRS Announces 2025 Tax Bracket Changes Due to Inflation Adjustments
Uploaded: 2024-10-25T05:00:00-07:00
Channel: NBC Palm Springs
Description: The IRS is adjusting federal income tax brackets and standard deductions for 2025 to account for inflation. The increase is about 2.8%, reflecting a smaller change compared to last year's 5.4% adjustment.

The IRS is adjusting federal income tax brackets and standard deductions for 2025 to account for inflation. The increase is about 2.8%, reflecting a smaller change compared to last year's 5.4% adjustment.

By: NBC Palm Springs

October 25, 2024

IRStax changes 2025federal income tax bracketsstandard deductioninflation adjustmenttax rates2024 tax changesincome taxfinancial planningIRS announcement

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