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The tax brackets for 2025 apply to taxes due in 2026. To calculate your taxes due on April 15, 2025, ... Read more: 2024-2025 federal income tax brackets and rates.
The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
For example, a single earner with taxable income of $48,000 would find themselves in the 22% marginal tax bracket in 2024. But the same earner would be in the 12% marginal tax bracket in 2025 ...
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single ... Inflation's influence on tax brackets in 2025 will be modest after more sizable inflation ...
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