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

Looking for some history? Here are the past years tax brackets and standard deduction levels. For 2020 and 2021, the Federal ...

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

This process was utilized most recently in 2021 to enact additional COVID ... deduction and an increase in individual federal income tax brackets and rates, with the highest individual income ...

For 2025, all five federal income tax brackets have been indexed to inflation using the 2.7 per cent rate. The new 2025 federal brackets are: zero to $57,375 of income (15 per cent); above $57,375 to ...