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IRS Raises Tax Brackets, Boosts Seniors' Take-Home Pay

IRS Raises Tax Brackets, Boosts Seniors' Take-Home Pay

Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 27, 20261m 36s

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Show Notes

IRS raises income thresholds for tax brackets, benefiting retirees and older workers. Standard deductions also increase, with additional deductions for seniors. Social Security benefits see a 2.8% boost, aligning with tax bracket adjustments. Experts advise planning ahead to maximize financial gains.

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