The IRS has announced new federal income tax brackets and standard deductions for 2025. In its announcement on Tuesday, the agency raised the income thresholds for each bracket, which applies to tax year 2025 for returns filed in 2026.

The IRS on Tuesday unveiled 2025 inflation adjustments for the long-term capital gains tax brackets, which apply to investments owned for more than one year. For 2025, single filers can earn up to $48,

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers.