2025 Tax Brackets And Deductions Released. The irs released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other provisions that will take effect for tax year 2025. The irs released the following tax brackets and income levels for 2025:
Tax deductions for 2025 tax year. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026.