Inflation Changes for 2025

The following is not a comprehensive list of all changes, but a summary of key adjustments that will affect a wide range of taxpayers: Standard deductions. For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024. For married couples filing […]

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Federal Reserve Rate Cut

The Fed has decided to lower the target range for the federal funds rate by 1/2 percentage point (50 basis points). In a statement, the Fed said that it “has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly […]

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