IRS Tax Bracket Adjustment: A Break for Americans?

IRS Tax Bracket Changes Coming: Will You Pay Less Next Year? The IRS is set to adjust federal income tax brackets for inflation, potentially saving millions of households money in 2025. Experts predict a 2.7% adjustment, with lower brackets getting an extra boost of around 4% due to recent tax law changes. This prevents bracket creep, where cost-of-living raises push you into higher tax brackets, and ensures taxpayers aren't penalized for inflation. Hosted on Acast. See acast.com/privacy for more information.