2024 Federal Income Tax Brackets

Tax Rate	Single Filers	Married Filing Jointly or Qualifying Widow(er)	Married Filing Separately	Head of Household
10%	Up to $11,600	Up to $23,200	Up to $11,600	Up to $16,550
12%	$11,601 to $47,150	$23,201 to $94,300	$11,601 to $47,150	$16,551 to $63,100
22%	$47,151 to $100,525	$94,301 to $201,050	$47,151 to $100,525	$63,101 to $100,500
24%	$100,526 to $191,950	$201,051 to $383,900	$100,526 to $191,950	$100,501 to $191,950
32%	$191,951 to $243,725	$383,901 to $487,450	$191,951 to $243,725	$191,951 to $243,700
35%	$243,726 to $609,350	$487,451 to $731,200	$243,726 to $365,600	$243,701 to $609,350
37%	Over $609,350	Over $731,200	Over $365,600	Over $609,350

Source: IRS 2024 Tax Rate Schedules

2025 Federal Income Tax Brackets

Tax Rate	Single Filers	Married Filing Jointly or Qualifying Widow(er)	Married Filing Separately	Head of Household
10%	Up to $11,925	Up to $23,850	Up to $11,925	Up to $17,000
12%	$11,926 to $48,475	$23,851 to $96,950	$11,926 to $48,475	$17,001 to $64,850
22%	$48,476 to $103,350	$96,951 to $206,700	$48,476 to $103,350	$64,851 to $103,350
24%	$103,351 to $197,300	$206,701 to $394,600	$103,351 to $197,300	$103,351 to $197,300
32%	$197,301 to $250,525	$394,601 to $501,050	$197,301 to $250,525	$197,301 to $250,500
35%	$250,526 to $626,350	$501,051 to $751,600	$250,526 to $626,350	$250,501 to $626,350
37%	Over $626,350	Over $751,600	Over $626,350	Over $626,350

Source: IRS Releases Tax Inflation Adjustments for Tax Year 2025

Standard Deductions

In addition to the tax brackets, the standard deduction amounts have been adjusted for inflation:

• 2024 Standard Deduction:
  • Single Filers: $14,600
  • Married Filing Jointly: $29,200
  • Head of Household: $21,900

• 2025 Standard Deduction:
  • Single Filers: $15,000
  • Married Filing Jointly: $30,000
  • Head of Household: $22,500

Source: IRS Releases Tax Inflation Adjustments for Tax Year 2025

These tables and standard deduction amounts reflect the IRS’s annual adjustments for inflation, ensuring taxpayers are taxed appropriately based on their income levels. For more detailed information, you can refer to the IRS announcements linked above.

—