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Standard Deduction 2024-2025: Amounts, Eligibility When to Take It

Tax Planning

Michael Clark 20 Nov, 2024

Standard Deduction 2024-2025: Amounts, Eligibility When to Take It

In 2024, the standard deduction is $14,600 for singles, $29,200 for joint filers, and $21,900 for heads of household. For 2025, it’s $15,000 for singles, $30,000 for joint filers

Arizona State Income Tax: Here's everything you need to know

Tax Planning

Martin Guptil 20 Nov, 2024

Arizona State Income Tax: Here's everything you need to know

In Arizona, the income tax rate is 2.5%. Regardless of any other factors, taxpayers in Arizona must pay 2.5% of their previous year's income as tax.

Alabama income tax: Here's everything you need to know

Tax Planning

Martin Guptil 20 Nov, 2024

Alabama income tax: Here's everything you need to know

For Alabama residents, understanding the state's income tax structure is crucial for effective financial planning. Alabama's income tax rates depend on different income sources.

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