New IRS Tax Brackets for 2025- What You Need to Know Before Filing Your Taxes
The Internal Revenue Service (IRS) revises its tax brackets annually to account for inflation. For 2025, these limits were adjusted upward by 2.7%, a move that the IRS announced at the start of the year. This adjustment could benefit taxpayers, potentially lowering your tax bracket if your income remains unchanged. While these changes will impact … Read more