Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Photo by JIM WATSON/AFP via Getty ...
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IRS sets a $32,200 standard deduction that helps most families
The IRS has announced a significant increase in the standard deduction for 2026, setting it at $32,200 for joint filers. This ...
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