Tax Brackets For 2025 Tax Year Over 65

Tax Brackets For 2025 Tax Year Over 65. Starting in the 2025 tax year rather than phased. The personal exemption for 2025 remains at $0 (eliminating the personal exemption was part of the tax cuts.

The top marginal tax rate in tax year 2025, will remain at 37% for single individuals with incomes greater than $609,350. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.