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Congratulations, Taylor Swift. Now you can SAVE some taxes!
What a news! Taylor Swift announced that she got engaged with Travis Kelce! But what now for filing her tax return?
Well, first of all, she will enjoy increased amount of standard deduction. It is like free tax deduction that the IRS offers for everyone. When you file jointly, the standard deduction almost doubles! For 2025, a single person gets a standard deduction of $15,750. But a married couple filing jointly gets a whopping $31,500!
Also, the bigger range of tax bracket awaits! This can mean a lot more for high-earning clients like Taylor Swift. It's like having a bigger lane on the tax highway! Drive further before hitting that next higher tax rate. She could save a few hundred-thousand dollars!
Got more tax questions? Drop them in the comments. Make sure to follow for more!
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