The IRS has just updated the federal tax brackets for 2025. Here’s a breakdown of how much tax you owe based on your taxable income, which is calculated by subtracting either the standard or itemized deductions from your adjusted gross income.
If you’re a single taxpayer and earn more than $626,350, you will pay a tax rate of 37%. For married couples filing jointly, this rate applies if their income exceeds $751,600.
The 35% tax rate applies to individual taxpayers with incomes over $250,525 and married couples filing jointly with incomes over $501,050.
A 32% tax rate is for those with incomes over $197,300 ($394,600 for married couples filing jointly).
If your income is over $103,350 as a single filer, you will pay 24%. For married couples filing jointly, this rate applies if their income exceeds $206,700.
The 22% tax rate applies to single taxpayers earning over $48,475 ($96,950 for married couples filing jointly).
If you earn more than $11,925 as a single taxpayer, you’ll pay a 12% tax rate. For married couples filing jointly, this rate applies to incomes over $23,850.
Lastly, if your income is $11,925 or less (or $23,850 or less for married couples filing jointly), you will be taxed at a rate of 10%.
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