2025 Standard Deductions And Tax Brackets. If you are a businessperson, you can bring down your taxable income by deducting all. Here is a quick summary of standard deductions and tax brackets for 2025.
The irs has increased tax brackets by 2.75% for 2025, with the top rate of 37% applying to incomes over $626,350 for singles and $731,200 for joint filers. The irs released the following tax brackets and income levels for 2025: