For individuals and couples filing jointly, the IRS has outlined specific income ranges for each tax bracket. The lowest bracket, at 10%, applies to individual incomes from $2,000 to $11,000 and ...

These are the IRS' tax rates for its seven tax brackets for tax year 2024, per USA TODAY. These rates apply to a single taxpayer: 37% – Single income over $609,350; ...

Tax season is approaching, and many taxpayers are eager to track their funds. The IRS began accepting tax returns on Jan. 27, with many turning to the “Where’s My Refund?” tool through the ...

These adjustments are not limited to tax brackets alone; they also extend to the standard deduction and other tax exemptions. For 2025, the IRS has set the standard deduction at $15,000 for single ...

Annual adjustments of brackets and deductions are routine processes. The IRS undertakes this to account for the effect of inflation on income. Adjustments for 2025 apply a 2.8% increase to thresholds.

IRS tax bracket updates for 2025 tax year. In October, the IRS announced updates for the 2025 tax year, which will apply to taxpayers filing their taxes starting in January 2026.