2025 Tax Calculator Updates

The IRS has updated tax brackets for 2025 with inflation adjustments:

Single Filers: - 10%: $0 to $11,600 - 12%: $11,601 to $47,150 - 22%: $47,151 to $100,525 - 24%: $100,526 to $191,950 - 32%: $191,951 to $243,725 - 35%: $243,726 to $609,350 - 37%: $609,351 and above

Married Filing Jointly: - 10%: $0 to $23,200 - 12%: $23,201 to $94,300 - 22%: $94,301 to $201,050 - 24%: $201,051 to $383,900 - 32%: $383,901 to $487,450 - 35%: $487,451 to $731,200 - 37%: $731,201 and above

Standard deductions have increased for 2025:

2025 Standard Deductions: - Single: $14,600 (up from $14,200) - Married Filing Jointly: $29,200 (up from $28,400) - Married Filing Separately: $14,600 (up from $14,200) - Head of Household: $21,900 (up from $21,300)

Additional Deductions: - Age 65 or older: Additional $1,550 for single filers, $1,250 for married filers - Blind: Same additional amounts as age deductions