Here are the NEW 2025 TAX BRACKETS explained by a Trusted CPA
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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 as someone who has read through all of the revenue procedures pertaining to this for you, and a licensed CPA that tax plans everyday at mycpacoach.com, I want to provide you with a very simple and EASY understanding of how these changes are going to affect you.
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)
For detailed information on this topic, please review IRS Revenue Procedure 2024-40: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf
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DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice.