Tax Issues Managing Your Tax Burden It’s not easy to keep up with complex tax laws that always seem to be changing, much less figure out how they might affect your finances. Even so, it is important to consider taxes when making financial decisions. You may even be able to postpone or reduce your tax obligation with some careful planning and the guidance of a tax professional. Federal Income Tax Brackets There are seven federal income tax brackets, ranging from 10% to 37%. This table shows the taxable income ranges for single filers and married joint filers for the 2025 tax year. Dollar limitations are adjusted annually for inflation. Single filers Joint filers Tax rate Up to $11,925 Up to $23,850 10% $11,925 to $48,475 $23,850 to $96,950 12% $48,475 to $103,350 $96,950 to $206,700 22% $103,350 to $197,300 $206,700 to $394,600 24% $197,300 to $250,525 $394,600 to $501,050 32% $250,525 to $626,350 $501,050 to $751,600 35% Over $626,350 Over $751,600 37% Taxable income ranges for 2025 Source: Internal Revenue Service, 2024
RkJQdWJsaXNoZXIy MTEyOTYzNw==