On Tuesday, the Internal Revenue Service announced the annual inflation adjustments for tax year 2025. The document IRS Rev. Proc. 2024-40 provides detailed information on adjustments and changes ...

This adjustments are published by the IRS in an annual pronouncement that identifies the annual inflation adjustments. Based on the changes to the 2025 tax year, the IRS noted more than 60 tax ...

On 10/22/24, the IRS released the annual inflation adjustments for tax year 2025 that will impact taxpayers when they file their 2025 returns in 2026. Following are the main items for tax year ...

That's because the IRS makes annual inflation adjustments to many tax provisions, which could help offset the impact of rising prices. Here’s more of what you need to know, starting with some ...

The IRS has announced significant changes to tax brackets and standard deductions for 2025.

WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. Revenue Procedure 2024-40 provides detailed information on adjustments and changes ...

Now that we know the final August 2022 inflation numbers we have a good idea of what the inflation adjusted amounts will be for all of the tax provisions that are adjusted annually. Today, we will ...

The Internal Revenue Service came out with 2025 inflation adjustments for taxes on Oct. 22. Some key things to know about the adjustments are the increase in standard deductions for those filing ...

This higher inflation has resulted in the IRS making adjustments in the tax code that are more significant than in prior years. For 2023, the IRS has applied approximately a 7% increase to the ...

The IRS recently issued the 2025 annual adjustments for numerous tax provisions, including changes to tax brackets and standard deductions. Popular adjustments include: Estates of decedents who die ...