IRS Announces 2025 Income Tax Brackets, Updated Standard Deduction

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- On Oct. 22, 2024, the IRS announced the annual inflation adjustments for 2025.
- A handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds.
- These changes will apply to income earned in 2025, which is reported on tax returns filed in 2026.
- Federal: $79 to $139. Free version available for Simple Form 1040 returns only.
- State: $0 to $69 per state.
- Expert help or full service filing is available with an upgrade to Live packages for a fee.
Federal tax brackets and tax rates
2024 vs. 2025 tax brackets: Married filing jointly
Tax rate | 2024 | 2025 |
---|---|---|
10% | $0 to $23,200 | $0 to $23,850 |
12% | $23,201 to $94,300 | $23,851 to $96,950 |
22% | $94,301 to $201,050 | $96,951 to $206,700 |
24% | $201,051 to $383,900 | $206,701 to $394,600 |
32% | $383,901 to $487,450 | $394,601 to $501,050 |
35% | $487,451 to $731,200 | $501,051 to $751,600 |
37% | $731,201 or more | $751,601 or more |
2024 vs. 2025 tax brackets: Single filers
Tax rate | 2024 | 2025 |
---|---|---|
10% | $0 to $11,600 | $0 to $11,925 |
12% | $11,601 to $47,150 | $11,926 to $48,475 |
22% | $47,151 to $100,525 | $48,476 to $103,350 |
24% | $100,526 to $191,950 | $103,351 to $197,300 |
32% | $191,951 to $243,725 | $197,301 to $250,525 |
35% | $243,726 to $609,350 | $250,526 to $626,350 |
37% | $609,351 or more | $626,351 or more |
2024 vs. 2025 tax brackets: Heads of household
Tax rate | 2024 | 2025 |
---|---|---|
10% | $0 to $16,550 | $0 to $17,000 |
12% | $16,551 to $63,100 | $17,001 to $64,850 |
22% | $63,101 to $100,500 | $64,851 to $103,350 |
24% | $100,501 to $191,950 | $103,351 to $197,300 |
32% | $191,951 to $243,700 | $197,301 to $250,500 |
35% | $243,701 to $609,350 | $250,501 to $626,350 |
37% | $609,351 or more | $626,351 or more |
2024 vs. 2025 tax brackets: Married filing separately
Tax rate | 2024 | 2025 |
---|---|---|
10% | $0 to $11,600 | $0 to $11,925 |
12% | $11,601 to $47,150 | $11,926 to $48,475 |
22% | $47,151 to $100,525 | $48,476 to $103,350 |
24% | $100,526 to $191,950 | $103,351 to $197,300 |
32% | $191,951 to $243,725 | $197,301 to $250,525 |
35% | $243,726 to $365,600 | $250,526 to $375,800 |
37% | $365,601 or more | $375,801 or more |
Standard deduction
Filing status | 2024 standard deduction | 2025 standard deduction |
---|---|---|
Single; Married filing separately | $14,600. | $15,000. |
Married filing jointly; Surviving spouse | $29,200. | $30,000. |
Head of household | $21,900. | $22,500. |
Source: Internal Revenue Service |
What else will change for taxes in 2025?
HSAs and FSAs
- Federal: $79 to $139. Free version available for Simple Form 1040 returns only.
- State: $0 to $69 per state.
- Expert help or full service filing is available with an upgrade to Live packages for a fee.
Gift tax exclusion
Estate tax exclusion
Earned Income tax credit
Article sources
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