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"content": "Summary of Taxpayers will get higher standard deductions in 2025, IRS announces\nhttps://i.abcnewsfe.com/a/517c6880-a536-438d-9267-4ba1079dfdec/wirestory_81195e6c1a57c6e24b663aa875d21c6f_16x9.jpg?w=992\n\n\nThe source article:\nnostr:nevent1qqsdwdx7h3ck7e08p27ds9e643rzlhejh6syjs2f9l8y8q4al5wpycqzypqt5fk6lkv9vmm4k4v49smyfjv38wfmp2ea7rp5ax047j737ttdyqcyqqqqqqgqt99fy\n\nU.S. taxpayers will benefit from higher standard deductions in 2025, with increases of $400 for single filers and $800 for couples filing jointly. Income thresholds for tax brackets were also adjusted upwards. Despite recent low inflation, prices for medical care, clothing, auto insurance, and airline fares are rising. The adjustments for 2025 are smaller than in previous years, indicating a trend of more modest changes in deductions.",
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