New Tax Brackets For 2025 Married Jointly Calculator

New Tax Brackets For 2025 Married Jointly Calculator. An income tax calculator is an online tool that helps individuals calculate the amount of income tax they will owe to the government based on their taxable income. In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. In addition, the 2025 standard deduction will be $15,000 for single filers and $30,000 for married couples filing jointly, up from $14,600 and $29,200, respectively, for 2024.