Tax Brackets 2025 Standard Deduction. From reducing income tax obligations to ensuring better support for everyday expenses, the middle class has a wishlist that reflects both their aspirations and challenges. The updated tax brackets and standard deduction for 2025 reflect the irs’s effort to keep pace with inflation, ensuring taxpayers aren’t unfairly penalized for modest income.
For 2025, there are seven federal income tax brackets: Each bracket applies to a specific range of taxable income.