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Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your 2025 income tax burden might look like. Therefore, which tax bracket you’re in and what tax rate you’ll pay are important pieces of the puzzle.

The Internal Revenue Service on Tuesday announced the annual inflation adjustments for standard deductions, marginal tax rates, earned income tax credits, adoption credits and more for 2025.

New data from the Internal Revenue Service shows that the average tax refund amount is up over 3% from a year ago, though the number of refunds issued is down by more than 1%.

The IRS has wrapped up the 2025 tax filing season, reminding taxpayers that while extensions grant more time to file, they do not extend the deadline for paying taxes owed.

Although the due date for your 2025 federal income tax return is a long way off (it's not until April 15, 2026), smart taxpayers will start thinking about their tax bill for the new year far in advance.

The average tax refund issued by the Internal Revenue Service has fallen nearly 4% since last week, but still remains slightly higher than it was at this time last year.

Nearly 75 million Americans have already received their annual tax refunds from the Internal Revenue Service (IRS), with the average refund totaling thousands of dollars.