The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield ...

Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...

Most taxpayers will be in for a pleasant surprise when they prepare their federal income tax returns for 2025. Last July’s ...

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the federal income tax brackets and standard deduction. The standard deduction — ...

The federal tax agency announced the new brackets in October, which are typically adjusted each year to account for inflation. Standard deductions — which reduce the amount of income subject to being ...

Missouri Senate Appropriations Chairman Lincoln Hough, right, discusses a budget item May 8 with House Budget Committee Chairman Dirk Deaton during negotiations over the fiscal 2026 budget (Rudi ...