2025 Federal Tax Changes. More than 60 changes were made this year, including standard deductions, marginal rates and alternative minimum tax exemptions. The expiration includes increasing individual income tax rates, lowering the standard deduction, reducing the child tax credit, and changes to the alternative minimum.

The irs just dropped a raft of changes, big and small, to the u.s. Here’s a look at the projected numbers for the tax year 2025, beginning january 1, 2025.