2025 Tax Brackets For Single Filers

2025 Tax Brackets for Single Filers

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2025 Tax Brackets for Single Filers

T20-0029 - Number of Tax Units by Tax Bracket and Filing Status, 2025 Tax Policy Center

The 2025 tax brackets for single filers have been released by the Internal Revenue Service (IRS). These brackets determine the amount of income that is taxed at each marginal tax rate. For 2025, the tax brackets for single filers are as follows:

Taxable Income Marginal Tax Rate
$0 – $12,950 10%
$12,950 – $41,775 12%
$41,775 – $89,075 22%
$89,075 – $170,050 24%
$170,050 – $215,950 32%
$215,950 – $539,900 35%
$539,900 – $1,077,350 37%
Over $1,077,350 39.6%

Standard Deduction and Personal Exemption

In addition to the tax brackets, the standard deduction and personal exemption also affect the amount of taxes that you owe. For 2025, the standard deduction for single filers is $13,850. The personal exemption is $4,300.

Taxable Income

Your taxable income is your total income minus your deductions and exemptions. Your taxable income is used to determine which tax bracket you fall into.

Marginal Tax Rate

The marginal tax rate is the tax rate that you pay on the last dollar of income that you earn. For example, if you are in the 22% tax bracket, you will pay 22% in taxes on the last dollar of income that you earn.

Calculating Your Taxes

To calculate your taxes, you will need to use the following formula:

Taxes = (Taxable Income * Marginal Tax Rate) - Tax Credit

For example, if you have a taxable income of $50,000 and you are in the 22% tax bracket, your taxes would be calculated as follows:

Taxes = ($50,000 * 0.22) - $0 = $11,000

Tax Credits

Tax credits are dollar-for-dollar reductions in your taxes. There are many different types of tax credits available, including the child tax credit, the earned income tax credit, and the saver’s credit.

Estimated Taxes

If you expect to owe more than $1,000 in taxes, you will need to make estimated tax payments throughout the year. Estimated tax payments are due on April 15, June 15, September 15, and January 15 of the following year.

Filing Your Taxes

You will need to file your taxes by April 15 of the following year. You can file your taxes online, by mail, or through a tax preparer.

Additional Resources

New Tax Brackets and Lower Tax Rates For 2018 - 2025 - PFwise.com Tax Brackets Explained for Single Filers โ€” Taxry Did My Tax Rate Go Up Or Down? - Tax Plan Answers
Guide to the Tax Cuts & Job Act (How the TCJA Affects You) Mint What is a Tax Bracket? The TurboTax Blog Planning for the Tax Cuts and Jobs Act Sunset in 2025 - Manning & Napier
Tax Brackets tax brackets single filers final 2 - Tax Queen

Closure

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