Tax Brackets For 2025 Tax Year. New tax brackets and standard deductions are now in effect, which will slightly boost paychecks and lower income tax for many americans. The changes being mulled now include a hike in basic exemption limit from rs 3 lakh to rs 4 lakh, along with a rejig of tax slabs.
The 2025 tax brackets are set to bring some significant adjustments that will impact your financial planning. As the first paycheck of 2025 hits your bank account, it could have slightly more money due to irs tax bracket changes.