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Tax brackets and rates for 2025-2026
Yahoo Finance· 2024-02-28 16:58
Do you know your tax bracket? Even if you do, are you clear on what it means for the taxes you'll pay. Real quick: Your tax rate is the percentage of income you pay in taxes, but it isn’t the same for all the money you earn. Different portions of income you earn are taxed at specific rates called tax brackets. For tax years 2025 and 2026, there are seven different tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The Internal Revenue Service (IRS) provides annual inflation adjustments to the income ra ...