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For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024.
The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year...
In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). The federal income tax has seven tax rates in 2025: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.
See current federal tax brackets and rates based on your income and filing status.
The top tax rate is 37% in 2025 for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly).
Knowing the tax brackets for 2025 can help you implement smart tax strategies, like adjusting your income tax withholding, so you don’t get caught with a big tax bill. In the U.S. tax system, income tax rates are graduated, so you pay different rates on different amounts of taxable income.
In 2025, the 0% tax rate will cover individuals who earn up to $48,350 and married couples who earn up to $96,700. Single filers who earn between $48,350 and $533,400 will pay a 15% rate, and...