​Tax brackets and rates, 2025 tax season: How much you’ll pay and what to know before filing your returns 

BLAKE REYNOLDS
25/01/2025
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12:04
CSTThe Internal Revenue Service (IRS) recently announced the annual inflation adjustments for fiscal year 2025 and the adjustments and changes to more than 60 tax provisions that should be considered by taxpayers in 2026. However, there are also changes for this fiscal year 2025 that apply to income tax returns defined by the Revenue Procedure.Floyd Mayweather and Gallienne Nabila create sensation on Monaco’s luxurious streetsThey apply to single taxpayers and married individuals filing separately for the 2025 tax year, the standard deduction increases to $15,000 for 2025, an increase of $400 over 2024.For married couples filing joint returns, the standard deduction increases to $30,000, an increase of $800 from fiscal year 2024, while for heads of households, the standard deduction will be $22,500 for fiscal year 2025, an increase of $600 from the fiscal year 2024 amount.The 2025 tax brackets and rates apply to income earned in the 2025 calendar year, which will be reported on tax returns filed in 2026 and determine total taxes owed for each filing status.The top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). These are the figures provided by the IRS.35% for incomes over $250,525 ($501,050 for married couples filing jointly).32% for income over $197,300 ($394,600 for married couples filing jointly).24% for income over $103,350 ($206,700 for married couples filing jointly).22% for incomes over $48,475 ($96,950 for married couples filing jointly).12% for income over $11,925 ($23,850 for married couples filing jointly).10% for income of $11,925 or less ($23,850 or less for married couples filing jointly).People with higher incomes are subject to higher federal tax rates, and people with lower incomes are subject to lower income tax rates. That’s the explanation of the progressive tax system that the United States has.The government decides how much tax you have to pay and divides taxpayers’ taxable income into parts, also known as tax brackets, and each individual part is taxed at a specific tax rate, which varies between 10 and 37 percent, but the highest rate applies only to a portion of income.