2025 Standard Deductions And Tax Brackets For Seniors

2025 Standard Deductions And Tax Brackets For Seniors. With these adjustments, the combined standard deductions for older adults in 2025 will be as follows: The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.


2025 Standard Deductions And Tax Brackets For Seniors

The irs released the following tax brackets and income levels for 2025: 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).

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