IRS Releases New Inflation-Adjusted Tax Brackets for 2025 | What This Means for YOU

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Every year, the IRS makes inflation adjustments to the tax brackets. It is critical for all US taxpayers to fully understand these inflation adjustments. The reason why is because when the tax brackets change, it can dramatically impact the amount of overall tax that each taxpayer will owe at the end of the year.

In this video, tax expert Karlton Dennis walks you through all of the key changes that have been made to the tax brackets for tax year 2025. He breaks down the new tax brackets for single filers, joint filers, and heads of household. The tax brackets vary significantly for each of these categories.

Anyone who wants to know which tax bracket they will fall into and what they can expect to owe in taxes as a result of their marginal tax rate can benefit from this video. Karlton also explains key changes that have been made to the standard deduction for tax year 2025. The standard deduction changes are also highly consequential for US taxpayers who won’t be itemizing.

CHAPTERS:
0:00 Intro
0:31 Why This Year's Increase Was So Small
0:45 Tax Brackets for Single Filers in 2025
2:14 Tax Brackets for Joint Filers in 2025
3:41 Tax Brackets for Heads of Household in 2025
4:55 The Standard Deduction for 2025
5:38 What the 2025 Inflation-Adjusted Tax Bracket Changes Mean for You
7:19 The Bottom Line
8:00 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxbrackets #taxes2025 #inflation