IRS Just Released 2025 TAX BRACKETS – What You NEED to Know!

In this video, I dive into the latest IRS tax bracket updates, which have just been adjusted for inflation. If you're wondering how these changes might affect your taxes in 2024, this breakdown will help clarify the key adjustments and what you need to know.

We then break down how this works for both single filers and married couples filing jointly.

Whether you're preparing for the 2024 tax season or simply want to stay informed, this breakdown will give you the insights you need to optimize your tax situation.

🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 Intro
0:55 Filing Single and Married
1:54 Example
5:40 What About Capital Gains?
8:33 Final Notes
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#taxbrackets #taxes #2025tax #taxbracket

[ryanpipkin]

Our tax code is ludicrously complicated.

FICA withholding applies to all income, even supposedly "pre-tax" retirement contributions, and medical/dental/vision benefits payments. While SocSec is capped, Medicare is not and in fact has a progressive marginal surtax above 200k (250k filing jointly). Cap Gains and NIIT are both taxed as all-or-nothing brackets meaning if you're in the bracket, you pay the tax rate on 100% of your realized investment gains, they are not taxed as a marginal tax bracket. That's just scratching the surface. It requires a mathematician to predict what your liability will be in each calendar year.

Truly the most insane way to fund our government.

[michaelyoung]

No we can't see your chart. I'm looking at a 65" screen from 10 ft away and can read a thing. Make this A LOT bigger print. Maybe PowerPoint is your friend?

[FreeToBe-gr]

Great info. Thanks for the update Toby!

[flguy]

Thanks for this. It will be interesting to see what happens after the tax cuts expire in 2026.

[donaldjohnson-ef]

I know we are going to take a deep dive into a topic when he puts on his glasses

[FedUpClient-bi]

We are more worried about Anderson Advisor's dangerous easy to forge legal documents than we are about tax brackets so we will hire ethical Lawyers like National Institute of Certified Estate Planners who ethically caveated the Estate Plan Trust Documents fail.

[KC-bzeb]

Single taking full time caregiver to my mother. No children. And absolutely no break or deductible to help with my situation. 😢

[meritholdingllc]

Wait, what? The brackets changed without a new law? Was this poison pill in the law? Is this a violation of Chevron being overturned?

[kreuzrittergottes]

actual inflation is about 30% over the past 3 years.

[brettm]

Your chart is too small. I can’t read it.

[RobWilliams]

I thought Jan 1, 2025, the Trump TCAJA taxes rates expire. Maybe I’m mistaken and it’s after 2025. Also, AMT, under the old rules, we’re not adjusted for inflation - snarling many into horrible tax situations because we were now considered “rich”. Especially unfair since they don’t take geography into consideration - $250, 000 in Lincoln, NB goes a lot further than in L.A.

[EdwardCoblah]

I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28, 600 weekly profit regardless of how bad it gets on the economy.

[BrianDonoghue]

You lost me when you complained about inflation being on a tear. The rate of inflation is down from previous years. You sound clownish.