New year, new tax measures — what to expect in 2025+

5 days ago · New year, new tax measures — what to expect in 2025+ 2025-01-02 - The coming year will see some changes to existing tax measures, but those changes are expected to have …

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The IRS Has Made Some Big Tax Changes For 2025 - MSN

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18 hours ago · In 2025, the maximum earned income tax credit for low- to moderate-income families with three or more children rises to $8,046, a slight increase from this year. This credit …

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Here Are Big Changes Retirees Can Expect From Social Security And ...

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2 days ago · The earnings exempt from the retirement earnings test is now $23,400 per year in 2025 for those under full retirement age, up from $22,320 per year in 2024. For every $2 in …

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What To Expect In Fiscal Policy During Trump's First Year

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Dec 27, 2024 · The Tax Policy Center estimated that extending the tax provisions would prevent an average tax increase of $2,000, with nearly half of the benefits going to households with …

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FAQs about New year, new tax measures — what to expect in 2025+ Coupon?

What are the tax changes for 2025?

Some of the items for tax year 2025 that are likely to be of greatest interest to taxpayers include: For married couples filing jointly, the standard deduction increases to $30,000, up $800 from tax year 2024. For heads of households, it is $22,500 for tax year 2025, up $600 from tax year 2024. ...

How much is the standard deduction for 2025?

For married couples filing jointly, the standard deduction increases to $30,000, up $800 from tax year 2024. For heads of households, it is $22,500 for tax year 2025, up $600 from tax year 2024. For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction increases to $15,000 for 2025, up $400 from 2024. ...

What tax measures will Canadians notice in 2025?

The GST/HST holiday that began December 14 will be the tax measure most Canadians notice in 2025. (Dale Manucdoc/CBC) The coming year will see some changes to existing tax measures, but those changes are expected to have only minor impacts on individuals. ...

How much is a 2025 tax exemption?

For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction increases to $15,000 for 2025, up $400 from 2024. For tax year 2025, the exemption amount for unmarried individuals increases to $88,100 ($68,650 for married individuals filing separately) and begins to phase out at $626,350, the IRS announced. ...

When should you start tax planning for 2025?

One answer is an easy one—start well in advance. Engaging in a bit of tax planning at the start of the year means that you won't find yourself trying to cram in everything next December. To help start 2025 off right, here's a look at what to expect. ...

Will IRS leadership change in 2025?

An IRS leadership change could signal a new direction for the tax agency and add intrigue and chaos to the 2025 tax narrative. And... IRS "stimulus checks" are going to one million taxpayers in the coming year. For more information, see our report: IRS Sending Up to $1,400 to One Million People. ...