IRS reveals changes to tax brackets, standard deduction for 2025

The IRS on Tuesday announced adjustments to dozens of tax provisions for 2025.
The agency adjusts various tax provisions annually based on inflation.
The changes announced Tuesday include a bigger standard deduction for the 2025 tax year.
The deduction for single taxpayers will increase to $15,000 next year, an increase of $400. For married couples filing their taxes jointly, the standard deduction will be $30,000, up $800 from 2024.
Heads of households will be able to claim a standard deduction of $22,500 in 2025, up $600.
The IRS also announced new tax brackets. For the 2025 tax year, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly), the IRS said.
The other brackets are:
You can get information on other inflation-related tax changes for 2025 on the IRS website. Items including exemption amounts for the alternative minimum tax and the earned income tax credit have also been adjusted.
Earlier in October, the Social Security Administration announced its annual cost-of-living adjustment for Social Security benefits. Those changes are also linked to inflation.
Social Security beneficiaries will see an increase in benefits of 2.5% in 2025. That works out to an increase of about $50 a month.