The U.S. tax code has many provisions that are adjusted for inflation and some that aren’t. Here’s a selection of key numbers to help with tax planning for 2025 and tax prep for 2024, plus ...

That means you could claim a $21,900 standard deduction for tax year 2024, versus a $14,600 standard deduction for single filers without dependents. There are also separate, more favorable tax ...

Taxpayers with one or more qualifying children may be able to claim a tax credit of up to $2,000 per qualifying child. The childcare credit is generally a nonrefundable credit that is limited to ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns.So whether you’re in a rush to get your refund or just wondering how long you can postpone ...