2025 Irs Tax Brackets And Standard Deduction

2025 Irs Tax Brackets And Standard Deduction. 22, 2024, the irs announced the annual inflation adjustments for 2025. The irs has adjusted the 2025 federal tax brackets by about 2.8% to account for inflation, helping prevent bracket creep. the standard deduction for married couples filing jointly has increased to $30,000, while for single filers it is now $15,000.

Here’s a quick overview of the new brackets: For single taxpayers, the standard deduction is $15,000, a $400 increase from the 2024 deduction of $14,600.