IRS Releases NEW 2025 Tax Brackets. What This Means For Your Wallet

Here are the NEW 2025 TAX BRACKETS explained by a Trusted CPA

The IRS just released their Inflation-Adjusted Tax Brackets for 2025, which is going to save millions of taxpayers money in taxes.

You are going to be able to report more income at a lower tax rate. You are going to have a higher standard deduction, which means less income reported on your tax return.

For investors, you will be able to report more of your capital gains at lower tax rates. And for my savers, you are also going to be able to put more money into your HSA, Retirement Accounts, and other tax deferred accounts.

So let’s jump right in.

2025 Tax Brackets: (0:00)
Single and Married: (1:05)
2025 vs. 2024 Tax Rates: (5:00)
New 2025 Standard Deduction: (6:30)
New 2025 Capital Gains Rates: (8:00)

[unimatrix]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176, 000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000, 000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400, 000 annually) and don't owe a dime to anyone. It's a good feeling!

[MattKern]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Wendy Stewart for helping me achieve this

[norwegianblue]

Having the bracket jump 10% at $48k is absurd. That should be more like $68k. $48k is borderline poor these days.

[ivonnemichael]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit

[robertwendal]

This video should be played in highschool. You explain everything so well with graphics to demonstrate.

[Frugal]

Well, considering this is only a 2.8% change from 2024, and one of the lowest in recent history, let’s at least be honest about things. This is in no way doing us any favors in light of the current economy we are dealing with. It still puts us going in the wrong direction when compared to the inflation rates we face every day all year long.

[flybirds]

Sorry, I know that I could really save on taxes if I married again but honestly to me I would rather pay the increased taxes!

[danielk]

I’m a first time watcher. Very nice presentation. Thank you.

[kevkev]

We don't have a revenue problem we have a spending problem. Cut all the pork and focus on what the constitution outlines, and federal income taxes will be a thing of the past like the founding fathers intended.

[JonesFamilyRanch]

This is a great video. Straight forward, well explained, and easily followed. I just started watching and by far, you are in the top 10 for talking taxes. Thank you!

[jakeizlove]

Most of whatever ‘tax break’ given to low earners would be eaten up by inflation. Basically, they’re playing on people’s inability or refusal to think critically.

Someone should challenge these tax policies (to see if the IRS has exceeded it’s authority) while the Supreme Court is relatively sane.

[JAN]

Great job Sherman, I subscribed. Nice, clear information and how it impacts the individual.

[Angelo-fode]

When everything is a tax in America you pay more like 60 percent of your income !

[nicolerichter-smith]

Thank you for sharing. As someone who enjoys being able to do my own taxes, this is very informative.

[gabrielmangual]

Amazing and easy to understand the basic tax changes, thank you

[MrDankzz-yt]

How about instead of the government passing tax bracket laws and all other laws maybe we the people should vote on them instead as they affect our lives not there’s what kind of free country is America if we have no other vote except for who gets to be the next political party?

[JulioMangru]

There is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on my pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[TheRealEdStoner]

Instead of no tax on tips or overtime just double or triple the standard deduction. Everyone would benefit.

[georgetteetourneaux]

Great Info! We removed some money from our retirement IRA (we are over 60) and Raymond James kept 22% of it- did not even give us that part. OUCH- almost 1/4 of it went bye bye. So frustrating.

[toxadodo]

Correction: 12% to 22% isn't a 10% increase. It's a 10% point difference and an 83.33% increase.