Making Sense of Tax Rates Source: Internal Revenue Service, 2024 2025 Tax Tables Tax rate 10% Up to $11,925 Up to $23,850 12% Over $11,925 up to $48,475 Over $23,850 up to $96,950 22% Over $48,475 up to $103,350 Over $96,950 up to $206,700 24% Over $103,350 up to $197,300 Over $206,700 up to $394,600 32% Over $197,300 up to $250,525 Over $394,600 up to $501,050 35% Over $250,525 up to $626,350 Over $501,050 up to $751,600 37% Over $626,350 Over $751,600 Joint filers Single filers Income tax brackets and income thresholds Whether you are finalizing a yearly tax return or making key financial decisions, you might consider the difference between marginal and effective tax rates. The United States has a progressive tax system, whichmeans that tax rates increase as household income rises (see below). For example, if a married couple files jointly and has a taxable income of $100,000 in 2025 (after applicable deductions and exemptions), they fall into the 22% tax bracket. However, they will not pay this rate on all of their income, only on the amount over $96,950. In this case, 22% is their marginal tax rate or top tax rate.
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