Publications
​
Key Updates for 2025 Tax Filing Season
As we approach the 2025 tax filing season, the Internal Revenue Service (IRS) is releasing important information regarding updates to federal tax law, changes to tax brackets, and key filing deadlines. This publication is designed to help taxpayers stay informed and ensure they are ready for the upcoming tax season
​
News 1.
1. Adjustments to Tax Brackets for 2025
For the 2025 tax year, the IRS has made adjustments to income tax brackets for inflation. Below are the new tax brackets for individual filers:
Filing Status 2025 Tax Rate
Single 10% - 37%
Married Filing Jointly 10% - 37%
Head of Household 10% - 37%
For example, the 10% tax rate now applies to the first $11,500 of taxable income for single filers (up from $11,000 in 2024). These adjustments ensure that taxpayers are not pushed into higher tax brackets due to inflation.
News 2.
2. Increased Standard Deduction
The standard deduction for the 2025 tax year has been raised to keep pace with inflation. This increase means more taxpayers will benefit from a larger deduction, effectively reducing their taxable income.
• Single or Married Filing Separately: $15,000 (up from $14,500 in 2024)
• Married Filing Jointly: $30,000 (up from $29,000 in 2024)
• Head of Household: $22,500 (up from $21,800 in 2024)
These increases help reduce the overall tax burden for taxpayers who do not itemize their deductions.
​
News 3.
3. Earned Income Tax Credit (EITC) Expansion
The Earned Income Tax Credit (EITC) is designed to help low- and moderate-income workers. For 2025, the EITC eligibility criteria and phase-out limits have been expanded:
• Maximum Credit: $3,800 for individuals with no children (up from $3,600 in 2024)
• For Families with Three or More Children: Up to $8,046 up from $7830 in 2024)
These changes are aimed at providing greater financial support for working individuals and families with lower incomes.
​