Here Are the Federal Income Tax Brackets for This Year

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Taxes Tax Returns Share Share Close Mail Page URL https://money.com/tax-brackets/ Link copied! Here Are the Federal Income Tax Brackets for This Year By: Pete Grieve Pete Grieve Lead News Reporter | Joined September 2022 Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. Has also written: What Is the EV Tax Credit, and Who Qualifies?

This Bill Aims to Fix Social Security by Eliminating Taxes on Benefits Which Cities Have the Highest Sales Tax? Here's Why You're Probably Getting a Smaller Tax Refund This Year The IRS Is Issuing Way More Tax Refunds This Year Than Last So Far See full bio Editor: Julia Glum Julia Glum Managing Editor | Joined February 2018 A graduate of the University of Florida, Julia has more than six years of experience in personal finance journalism. In addition to overseeing news and newsletters, she leads Money’s tax coverage, which includes extensive reporting on tax credits, policy changes and the IRS. Has also written: When Are State Taxes Due? Here Are the 2026 Deadlines How to File Taxes for Free This Year Need Tax Help? 11 Questions You're Too Stressed to Google What Is a Tax Credit?

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Here Are Answers to 11 Last-Minute Filing Questions See full bio Published: Mar 13, 2026 4 min read Chris Gash for Money Americans' tax refunds — and, for that matter, tax bills — this filing season are based on seven tax brackets that determine where their top tax rate falls. Tax brackets dictate how much you'll pay on each part of your taxable income for the year. They're not set in stone: The IRS adjusts the thresholds for its brackets annually based on an inflation index. These adjustments mean Americans don't end up having to pay higher tax rates simply because their wages have grown along with rising prices. Save smarter: Take control of your money with the Rocket Money budgeting app. The IRS also makes inflation adjustments to the standard deduction, which is a set amount of income that you don’t need to pay federal taxes on. Most taxpayers take the standard deduction, though there's a fairly small camp of people who itemize. Here's what you need to know for this year and next. Ads by Money. We may be compensated if you click this ad.AdRated A+ by the BBBGet StartedTax solutions for consumers with over $15,000 in owed taxes. Save money on your taxes, or get 100% of your fees back—guaranteed Discover your tax reduction options with a free, no-obligation eligibility analysis Provide comprehensive support for federal and state tax challenges 10+ years of expert tax resolution experience Trusted A+ rating from the BBB Over 15 years of ExperienceGet StartedAssisting Taxpayers with $15,000 or more in Tax Debt Trusted Nationwide, 4.9★ Client Rating Free Consultation & Direct IRS Access Elite Team of Tax Pros: Attorneys, CPAs, Enrolled Agents 21+ years in serviceGet StartedSpecialize in individual & corporate tax relief over $20,000 23+ years in service A+ Rating with the BBB 15 Day Money Back Guarantee Helps resolve back taxes, fight penalties and liens, stop collection efforts, and file accurate returns Tax brackets for 2025 It's important to remember that because the U.S. has a graduated-rate structure, your top rate isn't the percentage you pay for all your income. You only pay that top rate for the amount of taxable income you make above the bracket threshold. For 2025, the lowest tax rate, 10%, applies to your first $11,925 of taxable income if you're a single filer. At the top end of the brackets, single filers owe the max rate of 37% for taxable income over $626,350 in 2025. The standard deduction is $15,750 for single filers and $31,500 for married couples filing jointly after the One Big, Beautiful Bill Act lifted the standard deduction by $750 for single filers and $1,500 for couples. TAX RATE SINGLE FILERS MARRIED FILING JOINTLY 10% $0 to $11,925 $0 to $23,850 12% $11,925 to $48,475 $23,850 to $96,950 22% $48,475 to $103,350 $96,950 to $206,700 24% $103,350 to $197,300 $206,700 to $394,600 32% $197,300 to $250,525 $394,600 to $501,050 35% $250,525 to $626,350 $501,050 to $751,600 37% $626,350 and up $751,600 and up Source: IRS. Tax brackets for 2026 At the start of this year, you may have noticed that your paycheck got a bit larger as a result of the IRS's inflation adjustments for 2026 (those are the taxes you'll file next spring). While the tax rates themselves are identical for 2025 and 2026, the IRS raised the income thresholds that determine your bracket by about 2.8% for 2026. The increase came in at 4% for the bottom two bracket thresholds and around 2.3% for the rest. Pet protection: See Lemonade's pet insurance options — save and protect your cat or dog from high vet bills. The IRS also raised the standard deduction for 2026, bumping it to $16,100 for single filers and $32,200 for married couples filing jointly. Basically: If your income doesn't change between 2025 and 2026 — and assuming all else stays the same — your 2026 tax bill should come out lower due to the changes, or your refund should be larger. It's also possible you'll move into a lower bracket if you were just above a cutoff. TAX RATE SINGLE FILERS MARRIED FILING JOINTLY 10% $0 to $12,400 $0 to $24,800 12% $12,400 to $50,400 $24,800 to $100,800 22% $50,400 to $105,700 $100,800 to $211,400 24% $105,700 to $201,775 $211,400 to $403,550 32% $201,775 to $256,225 $403,550 to $512,450 35% $256,225 to $640,600 $512,450 to $768,700 37% $640,600 and up $768,700 and up Source: IRS. More details regarding the tax bracket adjustments are available on the IRS website. Can't Miss DealsCheck out Robinhood's online trading platform and get the first trade on themGet your first year of AARP for just $1574% off NordVPN right now — plus an Amazon gift card