Tax Brackets 2025 Married Filing Jointly Married Jointly

Tax Brackets 2025 Married Filing Jointly Married Jointly. 2025 alternative minimum tax (amt) exemptions filing status The tax brackets are divided into income ranges, and each range is taxed at a different percentage.

Tax brackets are a progressive taxation system designed to ensure that individuals with higher income levels pay a larger percentage of their earnings in taxes. For the tax year 2025, the top tax rate is 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly).