Money
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What You Should Know About 2025 Tax Changes
Could you get a raise next year—even if your employer doesn’t give you one? Maybe. If you’re on track to earn the same amount in 2025, you may see more in your paycheck thanks to adjustments to your taxes. In October 2024, the IRS released its tax law adjustments for the 2025 tax year, which come into play when preparing your taxes in 2026. These included several modifications to account for inflation; however, these changes were smaller than in previous years. The agency’s income threshold adjustment is just 2.8% in 2025—down from 5.4% in 2024 and even more the...

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