IRS Releases Inflation-Adjusted Payroll Amounts for 2025

Oct. 22, 2024, 3:56 PM UTC

The Internal Revenue Service published its adjustments to payroll-related amounts for 2025 on Oct. 22.

Income Tax Brackets

Revenue Procedure 2024-40 includes adjusted income tax brackets for 2025, with rates continuing to range from 10% to 37%.

The 10% rate will apply to income of up to $23,850 for married individuals filing jointly, $17,000 for heads of households, and $11,925 for unmarried individuals and married individuals filing separate returns, the IRS said. The 37% rate will apply to income of more than $751,600 for married individuals filing jointly, $626,350 for for heads of households and unmarried individuals, and $375,800 for ...

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