IRS confirms some people are exempt from paying taxes

Residents Will Not Pay Taxes.

IRS Confirms the News.

Criteria to be Met.

The Internal Revenue Service (IRS) has announced new tax regulations for 2025 that will bring economic relief to millions of Americans.

These measures are designed to support the most vulnerable sectors and promote tax equity in the country.

The IRS tax reform includes exemptions for various specific groups.

Among them are low-income families, elderly adults, and veterans with disabilities, among others.

Groups That Will Be Exempt from Taxes According to the IRS

Residents Will Not Pay Taxes in 2025—Photo: Shutterstock

Low-income families: Families living below the poverty line will be exempt from paying federal taxes.

In addition, they will have access to the Earned Income Tax Credit (EITC), which in 2025 will have a maximum amount of $8,046 for those with three or more qualifying children.

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This benefit seeks to alleviate the economic burden on these families and help them cover essential expenses such as food, housing, and education.

Elderly adults: People over 65 with limited incomes will also be exempt from federal taxes.

In 2025, the standard deduction will be $15,000 for single filers and $30,000 for married couples filing jointly.

Additionally, Social Security benefits will not be taxed, provided that total income does not exceed established limits.

Veterans with disabilities: Veterans who receive compensation from the Department of Veterans Affairs (VA) will be completely exempt from tax payments.

This includes military disability pensions, offering significant tax relief for those who have served the country.

Students with educational scholarships: Scholarships intended for tuition and other expenses related to higher education will be tax-free.

This benefit promotes access to higher education and reduces the financial burden on students and their families, encouraging academic development.

Residents in disaster zones: People living in areas declared as disaster zones will receive additional tax benefits.

These include extensions on deadlines for filing returns, deductions for economic losses, and additional exemptions depending on the magnitude of the disaster.

Humanitarian workers abroad: Volunteers working with non-profit organizations outside the U.S. will have access to tax reductions.

This incentive aims to support the humanitarian work done abroad and recognize the importance of their work, according to ‘Mundo Deportivo’.

The IRS has urged taxpayers to stay informed about the new regulations to maximize their tax benefits.

Reviewing the regulations: It is crucial for individuals to review the standard deductions and tax credits applicable to their situation.

Consulting with experts: Accountants or tax advisors can help identify specific savings opportunities for each case.

Using official resources: The official IRS portal is a reliable source for obtaining updated information and accessing detailed guides.

These tax exemptions represent an economic relief for millions of people facing financial challenges.

Low-income families will be able to direct resources toward basic needs.

Meanwhile, elderly adults, veterans, and students will benefit from direct relief that will allow them to face their expenses with greater peace of mind.

In areas affected by disasters, tax benefits will be essential in helping communities recover more quickly.

On the other hand, incentives for humanitarian workers reinforce the United States’ commitment to global support.

As these regulations come into effect, millions of residents in the U.S. are expected to benefit from these measures, noted ‘Mundo Deportivo’.

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PHOTO: MundoNOW