Tag: brackets
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Battleground state election lawsuits and IRS raises income tax brackets: Morning Rundown
Dozens of election lawsuits have been filed in critical battleground states. Four new cases of bird flu in humans have been announced in Washington state. And fans criticize the backlash directed at Liam Payne’s ex-fiancée in the aftermath of the singer’s death. Here’s what to know today. Battleground states flooded with voting lawsuits Megan Varner…
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IRS announces new federal income tax brackets for 2025
The IRS has announced new federal income tax brackets and standard deductions for 2025. In its announcement on Tuesday, the agency raised the income thresholds for each bracket, which applies to tax year 2025 for returns filed in 2026. The top rate of 37% applies to individuals with taxable income above $626,350 and married couples filing jointly earning $751,600…