Ricca Chloette

2025 Tax Brackets And Deductions Released. In the old tax system, tax rates are higher, ranging from 2.5% to 30%, but taxpayers can take advantage of various exemptions and deductions. 2025 tax brackets for single.

Here’s how those break out by filing status: The irs makes changes to federal tax brackets and the standard deduction to account for inflation each year, which could affect how much you pay in taxes.