2025 Federal Income Tax - Brackets and Rates

In this video, Hans Scheil and Tom Griffith break down the 2025 tax brackets, explaining how they are adjusted for inflation and what this means for your retirement planning. While the tax rates remain unchanged, the brackets themselves have shifted, creating opportunities to optimize your tax strategy. Hans and Tom are here to simplify complex financial topics so you can make confident decisions for your future. Thanks for watching!

H E Scheil & Associates doing business as Cardinal Advisors holds an insurance license in all 50 states and DC. Listed below is the license # in each individual state. Alabama 675461, Alaska 100118081, Arizona 1800012348, Arkansas 100104794, California 0K32569, Colorado 464622, Connecticut 2463129, Delaware 1119857, DC 2887040, Florida L087124, Georgia 159539, Hawaii 445296, Idaho 507076, Illinois 100333675, Indiana 721739, Iowa. 1002056691, Kansas. 272705345, Kentucky 738674, Louisiana 614407, Maine AGN249408, Maryland 100048542, Massachusetts 2006645, Michigan 0104206, Minnesota 40411912, Mississippi 15016382, Missouri 8325733, Montana 100126008, Nebraska 100224332, Nevada 1007341, New Hampshire 2315847, New Jersey 1557889, New Mexico 1800010640, New York 1382342, North Carolina 1000092550, North Dakota 2000136230, Ohio 1028975, Oklahoma 100190853, Oregon 100237062, Pennsylvania 589318, Rhode Island 2309277, South Carolina 1907911784, South Dakota 10017719, Tennessee 2252224, Texas 1963111, Utah 513447, Vermont 1038574, Virginia 129027, Washington 864498, West Virginia 100107166, Wisconsin 100192273, Wyoming 27517

[curronhill]

Another great video with much needed information

[SpookyEng]

Great overview! Including IRMMA brackets would be helpful given their large impact.

[harrycee]

It's amazing how many don't understand this.

[mikeb]

I have the Carroll Advisory Group cheat sheet and it says 10% rate for single goes up to $11, 925 not 11, 295. Somebody must have got it wrong maybe a typo.

[matthewwall]

Nice video but can you include HOH bracket too

[pault]

11295 should be 11925 in singles tax brackets. Married brackets aren't "much" higher, they're simply doubled.

[pware]

The Cap Gains rates are After the standard deduction.. ie taxable income. So a couple could make 96, 000 in regular income.. and still have an additional 30, 000 in capital gains that are taxed a zero percent, since they have 30k of standard deduction.
If you have adult kids in lower tax brackets, then you can Gift them 19, 000 from each parent, 38, 000 total of appreciated stock you have had longer than a year, and they sell the stock in their account.. then there may be No tax on the gains of that stock.

[shannonjones]

I thought IRA was taxed upon deposit, we also pay income tax on it if we withdrawal?

[arthurshingler]

Great video. I also agree about possibly talking about IRMMA too, and it's affect.

[scottprice]

Absolutely no rush as this is all going to be extended . Live for several years from cash on hand and pay less tax finishing up conversions.

[Miasophia]

When figuring out the bracket fill to reach for single, and considering IRMMA to watch for with a Roth Conversion, is it the number after applying the standard deduction, or before?

[leonaowen]

Question If I got $15.204 in SS this year do I owe tax on that?

[andrewroth]

Is the NITT tax worked into these brackets?
Or is it missing? 200, 000 single 3.8%
250, 000 married 3.8%

[Ccwuhccwuh]

My IRA account isn’t under a trust but my brokerage account is. Will my beneficiaries have to pay more taxes on the brokerage gains?

[MarionJohnson-ie]

Yes my name is Marion Johnson I get social security $200 and something I forgot what it went to and SSI to get a total of 96 3 something or 980 something I can't remember but I don't know whether I need to file taxes or not could you give me a yes or no on this

[Ccwuhccwuh]

Is it worth to do a Roth conversion at 69?

[Elephantine]

Quibble about the chart: Single 10% is $11, 925, not $11, 295. 🧐

[jimmywalters]

If you are older than age 65 the standard deductions are higher. for singles and married tax payers I'm sure you have many listeners that are over 65, why didn't you include this important piece of information ?

[JeaneenWright]

To Anyone who can answer...How can I Have All my money that I work hard for not be taken out of Taxes... I have to do something Or I will be homeless....The more I work the more taxes are taken out .. Help.. I need answers...I am a RN and work 16 hours shifts 5 days a week....Thank you. I do have a 401k but I don't want to touch it ....

[gs]

You are doing your clients a Huge Disservice by not including IRMAA into your calculations. One dollar over the income bracket threshold can be very penalizing.