2025 Tax Filing
Important updates are coming up for IRS 2025 tax filing season that taxpayers should be aware of. Whether it be filing deadlines, new tax regulations, etc., it is good to stay ahead of all the developments that will make filing as smooth as possible and more accurate. Below, we explain important deadlines, changes and filing requirements for the 2025 tax season.
Here are the important IRS deadlines to mark on your calendar:
The IRS made several changes for the 2025 tax-filing season that could affect taxpayers:
The IRS updates tax brackets annually for inflation. Several tax brackets were adjusted for 2025 to account for increases in the cost of living, which may influence your taxable income and effective tax.
The 2025 standard deduction has also increased, allowing taxpayers to reduce their taxable income:
The CTC is still suffering the consequences.right now For 2025:
The EITC is still an important benefit for low-to-moderate-income workers*. Eligibility thresholds and credit amounts have risen slightly for 2025, meaning more taxpayers can qualify for financial relief.
Most U.S. taxpayers need to file a return if their income exceeds these thresholds:
If a self-employed person earns $400 or more, he or she must file no matter what his or her total income would have been.
Failing to meet that deadline can lead to penalties unless you file for an extension by April 15 to get until October 15 to file your return.
There are no scheduled payments now, but taxpayers should keep an eye on IRS announcements.
You have until Oct. 15 to track your refund via the IRS’s “Where’s My Refund?” This will put them through the official free tool.
No, because you can’t take itemized deductions if you take the standard deduction.
The IRS 2025 tax filing season now has updated tax brackets under the 2017 TCJA, new and increased deductions, and adjusted credits, all of which can affect your return. Caution and early filing can help you take advantage of your tax deductions and avoid inquiries, penalties and audits by the IRS. Please check the IRS website for official updates and additional resources.
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