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U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns.The Internal Revenue Service detailed the increases in its annual inflation adjustments announced Tuesday. For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 鈥?up $400 from 2024.For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024.RELATED STORY | IRS plans to cl
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stanley tumbler ax loophole for wealthy, raise $50 billion in the processIncome thresholds for all seven federal tax bracket levels were also revised upward. The top tax rate, which remains 37%, will cover incomes greater than $626,350 for single taxpayers in tax year 2025, for example 鈥?compared to $609,350 in 2024.The IRS makes such adjustments for each tax year to account for inflation, which has recently been on a downward trend. Last month, inflation in the U.S. dropped to its lowest point in more than three years, marking some encouraging economic news. But Americans are still feeling some key price pressures. Core prices, a gauge of underlying inflation, remained elevated in September, driven up by rising costs for medical care, clothing, auto insurance and airline fares.RELATED STORY | IRS announces expansion to Direct File program for upcoming tax seasonWhile
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WAUWATOSA 鈥?A Wauwatosa crossing guard is feeling the lov
stanley cup e from the community after they surprised him with Christmas cards and sang him Merry Christmas. During the week, John Kummer monitors the intersection on Wisconsin Avenue and Honey Creek Parkway, making sure the children get to school safely. John said the roadway can be busy with cars flying down the street. Its like the Daytona 500 here, said John.That is why he takes h
vaso stanley is job seriously to make sure the kids and their parents are protected as they walk to school. They are almost like my own, they really are, said John.The parents and kids know him by name and although John has only been a crossin
stanley mug g guard there for a few months, he said the community has made him feel like family. The kids, the kids are just fantastic. The parents have almost adopted me, I would say, said JohnA few days ago, the kids and parents made Christmas cards for the crossing guard and sang him Merry Christmas. John teared up as he expressed what that meant to him. You can give me all the money in the world, but things like that mean more to me, you know, said John.To the parents, said John is an important part of the community because of how much he cares about protecting the children. Even though there is a crosswalk, inattentive and reckless drivers often create very dangerous situations. This is why John is so important. He understands how much we love our children and he wants to protect them and keep them safe. He is our eyes to watch o
