IRS Raises Standard Deduction for Inflation: Here's What Changes
Annual inflation adjustments lift the standard deduction and reshape who itemizes.
Marcus Whitfield covers the Internal Revenue Service, federal tax administration, and taxpayer services. He has reported on filing seasons, agency modernization, and enforcement for more than a decade.
Annual inflation adjustments lift the standard deduction and reshape who itemizes.
Wider income bands mean many workers keep more of a raise before moving up a bracket.
The government's own free filing tool grows, offering an alternative to paid software.
The agency begins accepting returns as taxpayers weigh new thresholds, refund timing, and free-file options.
Impersonators use phone, text, and email to steal money and identities during filing season.
Taxpayers can now view balances, payment plans, and notices in one digital dashboard.
Short-term and long-term installment agreements spread the cost and limit collection action.
Sellers on Venmo, PayPal, and marketplaces face lower reporting limits after repeated delays.
Missing the four annual payment dates can trigger penalties even if you get a refund.
Funding and hiring have cut wait times, though paper returns remain the slow lane.
Form 1040-X lets you correct errors, and the process is now partly electronic.