New Tax Laws 2025 Tax Returns. With each new tax year comes a set of important updates—and for 2025, the irs has inflation adjusted deductions, credits, and income thresholds across several categories. 2025 important tax facts for all taxpayers.
The standard deduction for 2023 increased $900 from the previous year and rose to $13,850 ($27,700 for those married. Earlier this summer, the irs answered that question, announcing that direct file will be a permanent option for filing federal tax returns, starting with the 2025 tax season.