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Tina Orem is surely an editor at NerdWallet. Just before getting to be an editor, she was NerdWallet's authority on taxes and smaller business. Her get the job done has appeared in many different local and countrywide retailers. See whole bio.

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Wolters Kluwer has projected federal tax brackets and also other inflation-adjusted quantities for the 2025 tax calendar year.

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In the event you pass up the deadline to file your taxes and haven’t more info filed for an extension, the IRS can demand you a penalty. The penalty is five% from the taxes that you choose to owe for each and every month that your return is late, nearly a greatest penalty of 25%.

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