When Does New Tax Year Start 2025

When Does New Tax Year Start 2025. How much will you have to pay in 2024/25? Marginal tax rates will also be pivotal in 2025.


When Does New Tax Year Start 2025

In 2026, for the tax year 2025, the standard deduction will get a $400 boost, making it $15,000 for single filers. For heads of household in 2025, the standard deduction will be $22,500, up $600 from the amount for tax year 2024.

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