>>IRS Increase in Standard Deductions Means More Net Pay in 2025
(Undated) -- Paychecks in Georgia larger in 2025, even if you don’t get a raise. Thomas Cage with more.Preview: Voicer Script:
The IRS recently announced changes to tax provisions for 2025, including a 2.7% increase in standard deductions and shifts in individual tax brackets. These adjustments aim to combat inflation and prevent bracket creep. KXAN reports the changes could still result in less money withheld from your paycheck for federal taxes - putting more money in your pocket even if you don't receive a raise. While these adjustments may increase your take-home pay, they are designed to offset inflation rather than provide extra funds.