2025 Tax Season Updates – What You Need To Know Before Filing Your Return
The Internal Revenue Service (IRS) has released the annual inflation adjustments for the 2025 fiscal year. These changes will impact tax returns filed during the 2026 tax season. The adjustments, outlined in Revenue Procedure 2024-40, include updates to more than 60 tax provisions. Below, we highlight some of the most significant changes that taxpayers should … Read more