IRS Raises Tax brackets, deductions
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federal income tax bracketsCNBC
•IRS announces new federal income tax brackets for 2025
84% Informative
The IRS has unveiled higher federal tax brackets for 2025 to adjust for inflation.
The top rate of 37% applies to individuals with taxable income above $626,350 and married couples filing jointly earning $ 751,600 or more for 2025 .
The standard deduction will also increase in 2025 , rising to $ 30,000 for married couples.
There are also changes to the long-term capital gains brackets, estate tax exemption, child tax credit eligibility.
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