Tax

New marginal tax rates for 2025

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The Internal Revenue Service has released its new marginal tax rates for next year.

For 2025, tax adjustments will generally apply to income tax returns to be filed starting in the 2026 tax season. 

The top rate is 37%, which is for an income level of over $626,350 for a single taxpayer and an income level of over $751,600 for a married couple filing jointly. The lowest rate is 10%, which is for an income level of $11,925 or less for a single taxpayer and an income level of $23,850 or less for a married couple filing jointly. 

Read more about the new marginal tax rates for 2025.

Marginal tax rates for 2025

Marginal tax rate Income level for single taxpayer Income level for married couple filing jointly
10% $11,925 or less $23,850 or less
12% $11,925 to $48,475 $23,850 to $96,950
22% $48,475 to $103,350 $96,950 to $206,700
24% $103,350 to $197,300 $206,700 to $394,600
32% $197,300 to $250,525 $394,600 to $501,050
35% $250,525 to $626,350 $501,050 to $751,600
37% Over $626,350 Over $751,600
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