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Irs 2025 Tax Rates And Standard Deductions
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Irs 2025 Tax Rates And Standard Deductions. The internal revenue service (irs) announced today the annual inflation adjustments for tax year 2025. The standard deduction is the fixed amount the irs allows you to deduct from your annual income if you don’t itemize deductions on your tax return.
These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026. The internal revenue service (irs) announced today the annual inflation adjustments for tax year 2025.
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