The 2025 tax brackets refer to the income ranges that determine the applicable tax rates for individuals and entities filing their taxes in the United States for the 2025 tax year. These brackets are set by the Internal Revenue Service (IRS) and are subject to change each year based on inflation and other economic factors.
The importance of knowing the 2025 tax brackets lies in ensuring accurate tax calculations and timely filing. By understanding the applicable tax rates, individuals and businesses can estimate their tax liabilities, plan their financial strategies, and avoid potential penalties or interest charges for underpayment.