IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.| www.irs.gov
WASHINGTON, D.C. – Ahead of the expiration of key components of the Tax Cuts and Jobs Act in 2025, the Ways and Means Committee is examining pro-growth and pro-family policies to determine how best to build on its success. Under the 2017 Trump tax cuts, real median household income increased by $5,000 and real wages rose by 4.9 percent in the two years after the legislation was signed into law. The economy grew an entire percentage point faster than projected, and the trend of American c...| Ways and Means
