Form 2025

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The IRS releases updated versions of certain tax forms each year to tweak language for clarity and to update references to certain figures, such as tax credits, that may be adjusted for inflation. The 2025 W-4 is available on the IRS website or through your employer.
The list of possible events is long, but here are 5 of the most common reasons to revisit your W-4 withholding. You get a second job. Your spouse gets a job or changes jobs. Youre unemployed part of the year. You get marriedor divorced. You have a babyor adopt one.
To calculate your estimated taxes, you will add up your total tax liability for the current yearincluding self-employment tax, individual income tax, and any other taxesand divide that number by four.
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 jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024.
You may claim exemption from withholding for 2025 if you meet both of the following conditions: you had no federal income tax liability in 2024 and you expect to have no federal income tax liability in 2025.
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The updated version of Form 941 for 2025 includes several changes compared to the previous version businesses used for filing in the fourth quarter of 2024.
Use Form 1040-ES to figure and pay your estimated tax for 2025. Estimated tax is the method used to pay tax on income that isnt subject to withholding (for example, earnings from self-employment, including gig economy work, interest, dividends, rents, alimony, etc.).

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