IRS Unveils Tax Brackets 2025 and Adjustments

Tax Brackets 2025

Get Set, Tax Season 2025, Here We Come! The IRS has derived the tax rates, adult and child exemptions, and some little changes throughout the 2025 tax year. These changes will impact your tax liability when you file your taxes in 2026. Let’s break down what you need to know about the Tax Brackets 2025.

Tax Brackets 2025
Tax Brackets 2025

2025 Tax Brackets

There are 7 slated tax brackets for the year 2025 which implies that the income that is subject to tax is divided into different parts with each part being subjected to a different rate of tax. Here is good summary:

10%
12%
22%
24%
32%
35%
37%

It is important to understand that the tax rate you are charged on your taxable income is specific to the tax bracket you make your way into. For instance if for example your taxable income is under the 22% bracket, so 22% … Read 2015 Taxes

Data Safeguard for Tax Professionals

Data Safeguards

We all have lots to do, and few of us can afford an IRS security audit. With the tax filing season around the corner, and identity theft on the rise, the IRS and its Summit partners remind the tax pros to review their security measures using their checklist. The checklist (Data Safeguard for Tax Professionals) helps tax professionals identify the basic steps they should take to safeguard their clients’ and their business’ sensitive information.

Data Safeguard for Tax Professionals
Data Safeguard for Tax Professionals

Data Safeguard for Tax Professionals

The Taxes-Security-Together Checklist is designed to help you evaluate your existing security practices and identify the basic steps you can take to safeguard your clients’ information. Tally up your security measures with the ten steps of the IRS and Security Summit partners’ Taxes-Security-Together Checklist. See www.irs.gov/datasafeguard for more information.

Mutli-factor Authentication

Instead of a lengthy password to remember, tax professionals can download an authentication app … Read 2015 Taxes

Money Saving Tips for Families from TurboTax

When it is time to use TurboTax to complete your taxes for the past year, you may want to consider a few Money Saving Tips for Families in the coming year. Planning early in the year makes it easier to reach your financial goals by the end of the year. Since you are already running the numbers with Turbo Tax, you have records that can show you where to make cuts for the next year.

Review Your W-4

Changes in withholding laws affect the money your employer must withhold from each paycheck. If you find you owe money at the end of the year using Turbo tax 2014, you may want to increase the withholding. If you are getting a big refund each year, decrease the amount withheld to increase your monthly budget.

Winterize Your Home

Turbo Tax 2014 can help you to find special tax credits for this … Read 2015 Taxes

Intuit TurboTax And EHealth Help Americans Enroll In Health Insurance Plans

Open enrollment for health insurance plans is about to begin again. For that reason, eHealth, Inc. and Intuit have teamed up to keep consumers informed about changes in the program. Both companies have released information on how consumers can get enrolled in the right insurance plan and do it quickly. These companies have shared a partnership since 2013 when they first released a software product for health insurance selection (Intuit TurboTax). Without a doubt, consumers need to heed their words if they plan on using HealthCare.org.

For the past year, TurboTax free and paid users have been asked to answer whether they have health coverage or not when they file their income tax returns. Individuals that lack coverage are then directed to the TurboTax Health website where they can get purchasing assistance. This site allows individuals to compare their coverage options and enroll in a plan through eHealth, … Read 2015 Taxes

Turbo Tax Offers No-Cost Filing

Turbo-Tax Absolute Zero, Your No-Cost Tax Return:

Zero Federal, Zero State, Zero costs to file your 2014 taxes. This will affect about Sixty Million Americans. You can call it a major tax break. Starting tomorrow sixty million Americans will be able to prepare the taxes and file them at zero cost. Yes, that’s right – TOTALLY FREE! Not one penny. It’s due to the fact that Intuit TurboTax has lifted the tax preparation burden off your backs. This is truly a good value service.

Turbo Tax Absolute Zero
Turbo Tax Absolute Zero

This will be the first time ever that Americans have been able to file both the federal 1040A or the 1040EZ returns, along with state returns, for a total cost of ZERO dollars. This comes from the Turbo Tax Federal ‘Free Edition’. Turbo Tax users are also not going to have to worry about complying with new health care laws or … Read 2015 Taxes