- The IRS has unveiled higher federal tax brackets for 2025 to adjust for inflation.
- The standard deduction will increase to $30,000 for married couples filing together and $15,000 for single taxpayers.
- There are also changes to the long-term capital gains brackets, estate tax exemption, child tax credit eligibility and more.
The IRS has announced new and standard deductions for 2025.
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WATCH HEREIn its Tuesday, the agency raised the income thresholds for each , which applies to tax year 2025 for returns filed in 2026. The top rate of 37% applies to individuals with above $626,350 and married couples filing jointly earning $751,600 or more for 2025.
The IRS also boosted figures for dozens of other provisions, including , and eligibility for the , among others.
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SIGN UP Federal tax brackets for 2025
Federal income tax brackets show how much you owe on each part of your "taxable income," which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income.
After 2025, lower taxes enacted by former President Donald Trump will sunset without action from Congress. If the provision expires, the, shifting to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.
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Higher standard deduction
The standard deduction will also increase in 2025, rising to $30,000 for married couples filing jointly, up from $29,200 in 2024. Starting in 2025, single filers can claim $15,000, a bump from $14,600.
Trump's tax cuts also included higher standard deductions, which will sunset after 2025 if Congress doesn't extend that tax break.
