Understanding federal tax brackets and how they work is key for effective financial planning, especially as you navigate your income, tax credits and deductions, and potential tax strategies.

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy ...

Managing your finances in a tax-efficient way requires planning. Thankfully, the IRS just released the income tax brackets for 2025, allowing you to strategize for the upcoming tax year (returns ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

The IRS also released updated tax brackets for singles and married couples filing jointly. Here is what those numbers look like: 37% − Single income over $626,350 and married couples filing ...

There are seven income tax rates and brackets, ranging from 10% to 37%. Find out what federal income tax bracket(s) you're in, how tax rates work and what you can do to cut your tax bill.

Understanding your tax bracket and rate is essential regardless of your income level. Both play a major part in determining your final tax bill. The IRS has announced its 2024 inflation adjustments.