While tax season may have passed for the 2023 tax year and 2024 is coming up soon, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your 2025 income tax burden might look like.

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the federal income tax brackets and standard deduction. The standard deduction — which is the amount of money you can reduce from your income before it's taxed,

The new tax brackets, standard deduction, and other policies will apply to income earned in the year 2025, which Americans will report on their tax returns in 2026. The change does not affect the marginal rates of the tax brackets, but it does change the ...

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025.

The higher standard deduction and new income ranges for each tax bracket mean that someone who earned the same income would likely owe slightly less in taxes.

The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets estate and gift tax exemption and more.

Axios Visuals The Internal Revenue Service released its annual inflation adjustments Tuesday with new federal income tax brackets and standard deductions for the 2025 tax year. Why it matters: The changes,

The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years.

The Internal Revenue Service unveiled its tax brackets for 2025 on Tuesday, with moderate adjustments to the income ranges for marginal rates. The 2025 tax year, which will have a filing deadline of April 15,