Irs Tax Breaks 2025. The internal revenue service (irs) has released its full list of changing tax rules for 2025, and americans are likely to see major updates to standard deductions and certain tax credits. The irs announced its annual inflation adjustments tuesday for tax year 2025, setting marginal rates and bumping up standard deductions, earned income tax credits,.

For single filers and heads of households age 65 and over, the additional standard deduction will increase slightly — from $1,950 in 2024 (returns you’ll file soon in early 2025) to $2,000 in. If you’re a single filer in the 22 percent tax bracket for 2025, you.