The IRS has unveiled the updated tax brackets for the 2025 fiscal year, reflecting a 2.8% increase to align with inflation. These changes aim to adjust the purchasing power of taxpayers, offering potential benefits for those with lower incomes while imposing higher rates on higher earners.

The IRS has unveiled the new tax brackets for the 2025 fiscal year, introducing significant changes that will impact the paychecks and tax refunds of millions of Americans.