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Taxes

Goodbye taxes: if you meet any of these conditions, you won’t have to pay the IRS in 2025

The 2025 tax season is just a couple of months away. If you meet these conditions, you won't have to pay taxes next year.

Faltan un par de meses para la temporada fiscal 2025. Si cumples estas condiciones no tendrás que pagar impuestos el próximo año.
Michael Burrell/Getty Images

As the 2025 fiscal season approaches, the IRS will begin processing returns for the 2024 tax year by the end of January. However, not everyone is required to file a return or pay taxes.

Under federal tax law, individuals with income below the standard deduction threshold are not obligated to file a tax return. In this article, we break down what the standard deduction is for you and whether you’ll need to pay taxes. Also, other taxpayers that may not only get off the hook for sending more money to Uncle Sam, but could get some of it back to boot.

Goodbye taxes: if you meet any of these conditions, you won’t have to pay taxes in 2025

Each year, the IRS sets the standard deduction based on the taxpayer’s filing status. The standard deduction is a predetermined amount of income that you can deduct from your taxable income without having to answer any questions about specific deductions. If your income falls below this threshold, you are not required to file your tax return.

For the 2024 fiscal year, which will be filed in 2025, the standard deduction amounts are as follows:

  • Married couples filing jointly: $29,200 per year.
  • Single taxpayers and married individuals filing separately: $14,600.
  • Heads of household: $21,900.

Although individuals with incomes below these thresholds are not required to file, they can still do so, and it’s recommended, in order to qualify for certain tax credits which could potentially result in a refund.

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Other individuals and organizations that don’t pay taxes

Besides individuals with low income below the standard deduction limits, certain groups are also exempt from paying taxes:

  • Nonprofit Organizations: According to the IRS, organizations that operate exclusively for religious, charitable, scientific, public safety testing, literary, educational, or other specific purposes, and meet additional requirements, are tax-exempt under Section 501(c)(3) of the Internal Revenue Code.
  • U.S. Citizens Working Abroad: U.S. citizens working abroad are exempt from paying taxes if their earnings were less than $126,500 in the 2023 fiscal year. Additionally, they have other benefits, such as the ability to exclude or deduct housing costs, but they must meet certain conditions.
  • Taxpayers with Extensive Deductions or Dependents: Some taxpayers may avoid paying taxes due to personal deductions or by qualifying for the maximum Earned Income Tax Credit (EITC), which can grant up to $7,430 to families with three dependents. This amount often exceeds their tax bill. And any money from this tax credit in excess of what you owe results in a tax refund.

How much will you pay in taxes to the IRS in 2025?

Each year, the IRS establishes tax rates, which are the percentages of tax applied to taxpayers' taxable income. Taxable income is any income that is subject to federal taxes, whether it comes from employment or other sources.

The tax rate that applies to you depends on your filing status. For the 2024 fiscal year, to be filed in 2025, these are the tax rates:

  • 37% for single individual taxpayers with income over $609,350 ($731,200 for married couples filing jointly).
  • 35% for income over $243,725 ($487,450 for married couples filing jointly).
  • 32% for income over $191,950 ($383,900 for married couples filing jointly).
  • 24% for income over $100,525 ($201,050 for married couples filing jointly).
  • 22% for income over $47,150 ($94,300 for married couples filing jointly).
  • 12% for income over $11,600 ($23,200 for married couples filing jointly).

To reduce their tax liability, taxpayers can apply the standard deduction for their filing status or itemize their deductions. If personal deductions exceed the standard deduction, taxpayers receive a greater benefit by lowering their taxable income further, potentially placing them in a lower tax bracket and paying less in taxes.

While it’s a task everyone dreads, the IRS has been working to make filing easier with new tools to aid taxpayers. Last year the agency launched a new IRS Free File portal which “lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software” for free.

Original article written by Corina González, translated with the assistance of AI and edited by Greg Heilman.

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