Tag Archives: change

Will the Standard Deduction Increase or Decrease in 2025?

The standard deduction is a specific amount that you can deduct from your taxable income before you calculate your taxes. It is a dollar-for-dollar reduction. Therefore, a higher standard deduction means lower taxable income. For 2023, the standard deduction is $13,850 for single filers and $27,700 for married couples filing jointly. The standard deduction is adjusted each year… Read More »

Project 2025: A Glimpse into the Future

“What would project 2025 change” is a keyword term used to refer to a specific project or initiative that is expected to bring about significant changes in the future. The project’s goals, objectives, and potential outcomes are typically outlined in a detailed plan or proposal, and the term “2025” likely indicates the target year for its completion or… Read More »