The IRS just updated its tax rules for 2025. Here's everything you need to know

https://befluentinfinance.com/2025-tax-brackets/

by TonyLiberty • 2 years ago

11 6 2 years ago

The IRS just updated its tax rules for 2025.

New tax brackets for single filers:

10%: Up to $11,925 12%: $11,925 to $48,475 22%: $48,475 to $103,350 24%: $103,350 to $197,300 32%: $197,300 to $250,525 35%: $250,525 to $626,350 37%: Over $626,350

Here's everything else you need to know:

https://befluentinfinance.com/2025-tax-brackets!

willcipriano• 2 years ago

Standard deduction is also up $400 to $15,000.

tamaharbor• 2 years ago

And an extra $50 (to $1600) per person if you’re old or blind.

fred_is_fred• 2 years ago

One thing not clear to me. The IRS is using inflation numbers here to make these adjustments, but do they have any leeway or influence or does the law simply state "take this BLS/Fed number and do the math". I have the impression that it's more "apply this public formula" than "sit in your IRS conference room and figure it out" - but no basis for that at all.

nine_zeros• 2 years ago

There is a legal formula for an inflation adjustment factor calculation:

https://www.irs.gov/irb/2024-26_IRB#:~:text=Section%2045(e)(....

exmadscientist• 2 years ago

This is blogspam. The every-year raises in tax bracket thresholds are dead boring because they're dead predictable, and they're the only thing in this article.

I highly doubt that's all that's changing for the 2025 tax code, so it cannot be "everything you need to know".

The IRS just updated its tax rules for 2025. Here's everything you need to know

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