1040 Example 2025. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the irs. For tax year 2025, which applies to taxes filed in 2026, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

The federal income tax has seven tax rates in 2025: Find out more about our approved forms and the related legislation.