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 ...

Tax season is officially here. The Internal Revenue Service begins accepting returns for the 2024 tax year on Jan. 27, and filers have until April 15 to submit their returns or request an extension.