Federal Shutdown means Tax Refund Delay
- The Social Security Administration announced a 2.5% cost-of-living adjustment for 2025. Starting in January, the average monthly Social Security benefit will increase to $1,957. Additionally, about 7.5 million Supplemental Security Income recipients will see their increase starting December 31, 2024.
- The AMT exemption amount for 2025 is $88,100 for singles and $137,000 for married couples filing jointly.
- The maximum earned income tax credit (EITC) in 2025 for single and joint filers is $649 if the filer has no children. The maximum credit is $4,328 for one child, $7,152 for two children, and $8,046 for three or more children.
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How Tax Reform Helps Middle-Class Americans Throughout Their Lives
The Tax Cuts and Jobs Act is focused on improving the lives of all Americans – especially the middle-class – by delivering more jobs, fairer taxes, and bigger paychecks. Here’s how the Tax Cuts and Jobs Act will help middle-class Americans and their families throughout their lives.
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How Tax Reform Will Help Main Street Job Creators Nationwide
With mind-numbing complexity, today’s broken tax code can make it incredibly difficult for our nation’s small- and medium-sized businesses to succeed, grow, and create jobs in our communities. Here’s how the Tax Cuts and Jobs Act will lift these burdens off our Main Street job creators and the millions of Americans they employ.
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Changes made to Tax Laws
Learn about the changes made to tax laws and what changed about them.