Understanding 2025 Tax Changes

Understanding 2025 Tax Changes

Assessment

Interactive Video

Business

9th - 12th Grade

Hard

Created by

Nancy Jackson

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of the IRS's 2025 tax updates?

To eliminate the standard deduction

To adjust tax brackets and deductions to account for inflation

To increase tax rates for all income levels

To introduce new taxes on fringe benefits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what income level does the 37% tax rate begin for single filers in 2025?

$700,000

$500,000

$626,500

$751,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the standard deduction for single filers increasing to in 2025?

$11,500

$12,000

$115,000

$30,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the new AMT exemption amount for married couples in 2025?

$200,000

$100,000

$137,000

$150,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the monthly limit for qualified transportation benefits in 2025?

$300

$350

$315

$325

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much can you contribute to a health FSA in 2025?

$4,000

$3,500

$3,300

$3,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum EITC for families with three or more children in 2025?

$8,000

$8,246

$8,846

$8,460

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