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The Internal Revenue Service (IRS) periodically adjusts income tax brackets to account for inflation and ensure that taxpayers are taxed fairly. For 2025, the IRS has released updated income tax brackets that will impact individual filers and married couples filing jointly.
In addition to income tax brackets, the IRS also adjusts the standard deduction and personal exemptions for inflation. For 2025, the standard deduction will be as follows:
The IRS income tax brackets for 2025 provide taxpayers with a clear understanding of the taxes they will owe based on their income. By understanding the brackets and standard deductions, taxpayers can plan their finances accordingly and minimize their tax liability.
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