01/09/2025
IRS has stated they will start accepting tax returns starting tomorrow, January 10, 2025.
For the 2025 tax season, there will be an increase of standard deductions to $30,000 for married couples filing jointly, $22,500 for heads of household, and $15,000 for singles.
EITC increases to $8,046 for qualifying parents of 3 or more children.
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Explore potential tax law changes like TCJA extensions from the new Trump administration and some of the key IRS adjustments for 2025.