Notable changes for tax year 2025

The IRS has released tax changes for 2025

Standard Deduction:
Single and MFS: $15,000
MFJ: $30,000
HOH: $22,500

Marginal Tax Rates:
10% for incomes $11,925 or less ($23,850 or less for MFJ)
12% for incomes over $11,925 ($23,850 for MFJ)
22% for incomes over $48,475 ($96,950 for MFJ)
24% for incomes over $103,350 ($206,700 for MFJ)
32% for incomes over $197,300 ($394,600 for MFJ)
35% for incomes over $250,525 ($501,050 for MFJ)
37% for income greater than $626,350 ($751,600 for MFJ)

You can read about more notables changes here.

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