💰 IRS Releases New 2025 Income Tax Brackets (AARP Article)

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💰 IRS Releases New 2025 Income Tax Brackets (AARP Article)

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

Here Are the Federal Income Tax Brackets for 2025.

The seven IRS tax rates determine how much you will owe in taxes on your income.

By Daniel Bortz, AARP. Published October 22, 2024.

Say, have you been eagerly awaiting word of the tax brackets for the 2025 tax year? We’ve got you covered — and there’s some good news. You could fall into a lower bracket for the income you earn in 2025 thanks to the new income tax rates. Also, the standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will be higher.

If you start now, you can make plans to reduce your 2025 tax bill. Knowing the tax brackets for 2025 can help you implement smart tax strategies, like adjusting your income tax withholding, so you don’t get caught with a big tax bill.

https://www.aarp.org/money/taxes/info-2024/income-tax-brackets-2025.html

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