Bracket creep occurs during inflationary periods and moves individuals or married couples into higher income tax tiers. Bracket creep occurs when inflation pushes individuals into higher tax brackets.

The IRS has announced new federal income tax brackets and standard deductions for 2025. In its announcement on Tuesday, the agency raised the income thresholds for each bracket, which applies to ...

Our weekly “Econ Extra Credit” newsletter is an unexpected way to learn about the economy, one film at a time. Sign up to watch, and learn, with us. Americans have a better idea of the taxes ...

One of the most notable changes the IRS has announced are standard deductions rising and individual tax brackets shifting. Starting in tax year 2025, single taxpayers and married individuals ...

The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years. It will take more income to reach each higher tax bracket after the ...

Michael Bocchieri / Getty Images The IRS has updated its tax brackets, standard deduction, and other items for the 2025 tax year. Dollar values have been adjusted to reflect inflation, with tax ...