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Standard Deductions
| Filing Status | 2025 | 2026 |
|---|---|---|
| Single & Married filing separately | $15,750 | $16,100 |
| Married filing jointly & Qualifying widower | $31,500 | $32,200 |
| Head of household | $23,625 | $24,150 |
2025 Tax Rates
| Marginal Tax Bracket | Taxable Income | Tax Owed |
|---|---|---|
| 10% | $0 – $11,925 | 10% of taxable income |
| 12% | $11,926 – $48,475 | $1,192.50 plus 12% of income over $11,925 |
| 22% | $48,476 – $103,350 | $5,578.50 plus 22% of income over $48,475 |
| 24% | $103,351 – $197,300 | $17,651 plus 24% of income over $103,350 |
| 32% | $197,301 – $250,525 | $40,199 plus 32% of income over $197,300 |
| 35% | $250,526 – $626,350 | $57,231 plus 35% of income over $250,525 |
| 37% | $626,351 or more | $188,769.75 plus 37% of income over $626,350 |
| Marginal Tax Bracket | Taxable Income | Taxes Owed |
|---|---|---|
| 10% | $0 – $23,850 | 10% of taxable income |
| 12% | $23,851 – $96,950 | $2,385 plus 12% of income over $23,850 |
| 22% | $96,951 – $206,700 | $11,157 plus 22% of income over $96,950 |
| 24% | $206,701 – $394,600 | $35,302 plus 24% of income over $206,700 |
| 32% | $394,601 – $501,050 | $80,398 plus 32% of income over $394,600 |
| 35% | $501,051 – $751,6000 | $114,462 plus 35% of income over $501,050 |
| 37% | $751,601 or more | $202,154.50 plus 37% of income over $751,600 |
| Marginal Tax Bracket | Taxable Income | Taxes Owed |
|---|---|---|
| 10% | $0 – $17,000 | 10% of taxable income |
| 12% | $17,001 – $64,850 | $1,465 plus 12% of income over $17,000 |
| 22% | $64,851 – $103,350 | $7,442 plus 22% of income over $64,850 |
| 24% | $103,351 – $197,300 | $15,912 plus 24% of income over $103,350 |
| 32% | $197,301 – $250,500 | $38,460 plus 32% of income over $197,300 |
| 35% | $250,501 – $626,350 | $55,484 plus 35% of income over $250,500 |
| 37% | $626,351 or more | $187,031.50 plus 37% of income over $626,350 |
| Marginal Tax Bracket | Taxable Income | Tax Owed |
|---|---|---|
| 10% | $0 – $11,925 | 10% of taxable income |
| 12% | $11,926 – $48,475 | $1,192.50 plus 12% of income over $11,600 |
| 22% | $48,476 – $103,350 | $5,578.50 plus 22% of income over $48,475 |
| 24% | $103,351 – $197,300 | $17,651 plus 24% of income over $103,350 |
| 32% | $197,301 – $250,525 | $40,199 plus 32% of income over $197,300 |
| 35% | $243,726 – $375,800 | $57,231 plus 35% of income over $250,525 |
| 37% | $375,801 or more | $101,077.25 plus 37 of income over $375,800 |
2025 Capital Gains Tax Rates
| Filing Status | 0% | 15% | 20% |
|---|---|---|---|
| Single | $0 – $48,350 | $48,351 – $533,400 | $533,401 or more |
| Married filing jointly | $0 – $96,700 | $96,701 – $600,050 | $600,051 or more |
| Head of household | $0 – $64,750 | $64,751 – $566,700 | $566,701 or more |
| Married filing separately | $0 – $48,350 | $48,350 – $300,000 | $300,001 or more |
In the News
2025
Guidance for individuals who received tips or overtime during tax year 2025
Updated guidance for Trump Accounts
401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500
2024
Be ready for next year: IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024
2023
IRS launches paperless processing initiative
Hawaii wildfire victims qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
What’s new and what to consider when filing in 2023
IRS interest rates increase for the first quarter of 2023
You may receive 1099-Ks for sales over $600 in early 2023
401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500