Today, we’ll discuss a topic that everyone is interested in: taxes. Yes, I know it sounds boring, but it’s critical to understand how these changes work, especially since they will affect your finances in the future. Let’s break down the new IRS adjustments for 2025 in simple terms.
The first thing you should remember every year is that the Internal Revenue Service adjusts the amounts of deductions and income brackets to keep inflation from harming taxpayers. The IRS has adjusted these brackets for inflation in 2025, as detailed in Revenue Procedure 2024-40, which was published on October 22, 2024.
Tax brackets for 2025: what you should know before filing your taxes
The tax brackets differ by filing status, including single, married filing jointly, married filing separately, and head of household. These adjustments apply to 2025 income taxes, which are due by April 15, 2026, unless extended.
The tax brackets for 2025, based on filing status, are listed below for clarity.
Tax brackets of taxable income for a single person:
- $0 a $11,925: 10%
- $11,926 a $48,475: 12%
- $48,476 a $103,350: 22%
- $103,351 a $197,300: 24%
- $197,301 a $250,525: 32%
- $250,526 a $626,350: 35%
- More than $626,350: 37%
Tax brackets for taxable income for married couple filing jointly:
- $0 a $23,850: 10%$23,851 a $96,950: 12%
- $96,951 a $206,700: 22%
- $206,701 a $394,600: 24%
- $394,601 a $501,050: 32%
- $501,051 a $751,600: 35%
- More than $751,600: 37%
Tax brackets of taxable income for head of household (the values are different, since the taxable income amounts are much higher):
- $0 a $17,000: 10%
- $17,001 a $64,850: 12%
- $64,851 a $103,350: 22%
- $103,351 a $197,300: 24%
- $197,301 a $250,500: 32%
- $250,501 a $626,350: 35%
- More than $626,350: 37%
Lastly, this is the list of taxable income for couples who are married but file their taxes separately:
- $0 a $11,925: 10%
- $11,926 a $48,475: 12%
- $48,476 a $103,350: 22%
- $103,351 a $197,300: 24%
- $197,301 a $250,525: 32%
- $250,526 a $375,800: 35%
- More than $375,800: 37%
Standard deductions you can make from your taxes
In addition to the tax brackets, standard deductions, which reduce taxable income, have been adjusted for 2025:
- Single and married filing separately: $15,000 (increase of $400 from 2024).
- Married filing jointly: $30,000 (increase of $800 from 2024).
- Head of household: $22,500 (increase of $600 from 2024).
- Important dates of the 2025 tax season
Many taxpayers have already prepared their tax returns for 2025, using the information provided in this article. The main deadline is April 15, 2025, and the second payment is June 16, 2025 (adjusted for June 15 being a Sunday).
The third payment date is September 15, and the last payment date is January 15, 2026. These estimated payments are common among self-employed individuals, retirees, investors, and others whose income is not subject to withholding taxes.
More than 60 tax provisions have been adjusted, including an increase in the Earned Income Tax Credit (EITC) to $8,046 for families with three or more qualifying children and the long-term capital gains tax exclusion.
