As a result, their 2024 standard deduction is $33,850: $29,200 + $1,550 + $1,550 + $1,550. For 2025 tax returns, assuming there are no changes to their marital or vision status, Jim and Susan’s ...

More tax season: Deductions and credits may boost your refund. Which ones are available to new filers? Need a break? Play the USA TODAY Daily Crossword Puzzle. The 2024 standard mileage rate for ...

Note, that dependents that can be claimed on another person’s tax return for the 2024 fiscal year are limited to a standard deduction of either $1,300 or your earned income plus $450 ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

Tax season is upon us again, and it's crucial you understand what you can deduct so you can reduce your bill — and maybe even get a refund. [ READ: The Fastest Way to Get Your Tax Refund] ...

Tax deductions and credits could boost your refund when you file your return. This includes student loan interest deductions and standard deductions ... rates for tax year 2024?

One fast tax tip to review before filing your 2024 ... the standard mileage rate or the business portion of actual expenses ‒ for the same vehicle. More tax season: Deductions and credits ...

One fast tax tip to review before filing your 2024 federal income ... To claim that deduction, you must itemize your deductions, and not take the standard deduction, as the majority of taxpayers ...