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IRS sets $32,200 standard deduction for 2025 tax year
The IRS has raised the standard deduction for married couples filing jointly to $32,200 for the 2026 tax year.
Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states have no income tax at all.
Passed as an Internal Revenue Code amendment in the One Big Beautiful Bill Act, this new law has immense implications for ...
The Daily Overview on MSN
IRS sets a $32,200 standard deduction that helps most families
The IRS has announced a significant increase in the standard deduction for 2026, setting it at $32,200 for joint filers. This ...
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