Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 17
- Left
- 5
- Center
- 4
- Right
- 1
- Unrated
- 7
- Last Updated
- 26 min ago
- Bias Distribution
- 41% Unrated
The IRS has announced adjustments to various tax provisions for the 2025 tax year, including increased standard deductions and revised tax brackets. Single taxpayers will see their standard deduction rise to $15,000, while married couples filing jointly will have a $30,000 deduction. The top federal tax rate remains at 37%, applicable to single incomes over $626,350 and joint incomes over $751,600. Additionally, the IRS has adjusted the estate and gift tax exemption to $13,990,000 per person and revised long-term capital gains tax brackets. These changes are part of the annual adjustments for inflation, which has been decreasing recently. However, unless Congress takes action, the tax cuts from the Trump administration will expire after 2025, reverting many provisions to their 2017 levels.
- Total News Sources
- 17
- Left
- 5
- Center
- 4
- Right
- 1
- Unrated
- 7
- Last Updated
- 26 min ago
- Bias Distribution
- 41% Unrated
Negative
20Serious
Neutral
Optimistic
Positive
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