2025 Tax Law Q&A: Expert Answers on New Tax Breaks

Sudip Sengupta

July 16, 2025

2025 Tax Law Q&A - Expert Answers on New Tax Breaks

How Did Inflation Adjustments Shape 2025?

How Did Inflation Adjustments Shape 2025
How Did Inflation Adjustments Shape 2025

Explanation:The IRS lifted bracket thresholds and deductions to match price hikes.

  • Standard deduction: $15K (single), $30K (joint), $22.5K (HOH)
  • New tax brackets prevent “bracket creep”
  • Retirement & FSA limits up: 401(k) $23,500; IRA $7,000; HSA $4,300; FSA $3.

Also read, Why US. Inflation Matters—and How to Protect Your Cash

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