Understanding the New Tax Brackets

For the 2025 tax year, the IRS has adjusted the tax brackets to account for inflation. Here's a brief overview of the new brackets for single filers.

• 10%: $0 - $11,925
• 12%: $11,926 - $48,475
• 22%: $48,476 - $103,350
• 24%: $103,351 - $197,300
• 32%: $197,301 - $250,525
• 35%: $250,526 - $626,350
• 37%: $626,351 and up

Remember, these rates apply only to the income within each bracket. Understanding your tax bracket can help you make informed decisions about your finances and tax planning strategies.