2025 Tax Brackets Single Over 65. The standard deduction rises to $15,000 for 2025, an increase of $400. The irs released the following tax brackets and income levels for 2025:
For the tax year 2025, the top tax rate is 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). With union budget 2025 around the corner, experts are voicing what they would want from fm sitharaman in february next year.