Income Tax Brackets For 2025 Tax Year 2025. Your taxable income is your income after various deductions, credits, and exemptions have been applied. This means that these brackets applied to all income earned in 2025, and the tax return that uses these tax.
The irs has announced increases to federal income tax brackets and the standard deduction for 2025 to adjust for inflation. Medicare levy surcharge income, thresholds and rates.