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It 201 V Form

It 201 V Form

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on Tuesday October 22nd the IRS released the brand new inflation adjusted tax brackets for the tax year 2025 tax brackets heavily impact every single taxpayer and they have a dramatic impact on your overall tax burden I am Carlton Dennis a licensed enrolled agent and the founder and CEO of tax strategy firm tax Alchemy today I'm going to break down exactly what the new tax brackets are and tell you everything that you need to know about how they will impact you so without further Ado let's Dive In all right guys annual income thresholds for the 2025 tax brackets are only increasing by about 2.8% from their 2024 amounts this represents one of the smallest tax bracket increases in recent years and it's due to the cooling down of inflation let's start with single filers here are the new tax brackets for single filers for 2025 if your income is $1,925 or less you fall into the 10% tax bracket if your income is $1,920 $6 upwards to $ 48,4 75 you're no

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