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What’s New for the 2024 & 2025 Tax Seasons
At Damper's Tax Services, we stay up to date on the latest tax changes to ensure you’re prepared for the upcoming tax seasons. Here’s a quick overview of the 2024 and 2025 tax brackets and important deadlines to help you stay on track:
2024 & 2025 Tax Brackets
The IRS adjusts tax brackets annually to account for inflation. These brackets determine the rate at which your income is taxed based on your filing status. For 2024 and 2025, the brackets range from 10% to 37%, with higher income thresholds than in previous years. It’s essential to know where your income falls to plan your taxes effectively.
2024 Tax Brackets
| Tax Rate | Single | Married filing jointly |
|---|---|---|
| 10% | $0 to $11,600 | $0 to $23,200 |
| 12% | $11,601 to $47,150 | $23,201 to $94,300 |
| 22% | $47,151 to $100,525 | $94,301 to $201,050 |
| 24% | $100,526 to $191,950 | $201,051 to $383,900 |
| 32% | $191,951 to $243,725 | $383,901 to $487,450 |
| 35% | $243,726 to $609,350 | $487,451 to $731,200 |
| 37% | $609,351 or more | $731,201 or more |
2025 Tax Brackets
| Tax Rate | Single | Married filing jointly |
|---|---|---|
| 10% | $0 to $11,925 | $0 to $23,850 |
| 12% | $11,926 to $48,475 | $23,851 to $96,950 |
| 22% | $48,476 to $103,350 | $96,951 to $206,700 |
| 24% | $103,351 to $197,300 | $206,701 to $394,600 |
| 32% | $197,301 to $250,525 | $394,601 to $501,050 |
| 35% | $250,526 to $626,350 | $501,051 to $751,600 |
| 37% | $626,351 or more | $751,601 or more |
Tax Filing Deadline
Mark your calendars—April 15th is the tax filing deadline for both 2024 and 2025. If you’re unable to file by this date, you can request an extension to October 15th. However, it’s important to note that even with an extension,
any taxes owed are still due on April 15th.
Avoid Penalties
If you don’t pay your taxes by April 15th, the IRS will begin assessing late payment penalties and interest on the unpaid amount. To avoid these additional costs, we recommend estimating and paying your tax liability on time, even if you plan to file an extension.
Have questions or need help preparing for the tax season? Contact us today to ensure your filing is accurate, timely, and stress-free!
Service Areas
Riverside, CA | Moreno Valley, CA | Corona, CA | Norco, CA | Perris, CA | Fontana, CA | San Bernardino, CA | Redlands, CA | Ontario, CA | Rancho Cucamonga, CA | Colton, CA | Loma Linda, CA | Highland, CA | Eastvale, CA | Chino, CA | Grand Terrace, CA | Jurupa Valley, CA | Bloomington, CA | Upland, CA | Lake Elsinore, CA