Current Tax Rates USA | Zahabi Tax & Wealth

Understand the Latest Federal Tax Rates

Tax rates can change from year to year, and staying informed is essential for accurate planning and compliance. At Zahabi Tax & Wealth, we simplify the latest IRS tax brackets so you can make informed decisions for both personal and business finances.

Use this page as a quick reference, and reach out to our team for personalized tax planning based on your income, deductions, and long-term financial goals.

Individual Federal Income Tax Rates (2024–2025)

These are the current federal tax brackets for individuals and married couples filing jointly.

Single Filers

10% — Up to $11,600
12% — $11,601 to $47,150
22% — $47,151 to $100,525
24% — $100,526 to $191,950
32% — $191,951 to $243,725
35% — $243,726 to $609,350
37% — Over $609,350

Married Filing Jointly

10% — Up to $23,200
12% — $23,201 to $94,300
22% — $94,301 to $201,050
24% — $201,051 to $383,900
32% — $383,901 to $487,450
35% — $487,451 to $731,200
37% — Over $731,200

Standard Deduction Amounts

Single: $14,600
Married Filing Jointly: $29,200
Head of Household: $21,900

Capital Gains Tax Rates

Short-Term Capital Gains: Taxed at ordinary income tax rates (based on your income bracket).

Long-Term Capital Gains:

0% — Up to $47,025 (Single) / $94,050 (Married Filing Jointly)
15% — Most taxpayers fall in this bracket
20% — Applies to high-income earners

Corporate Tax Rates

Flat 21% federal rate for C-corporations
Pass-through entities (S-corps, partnerships, LLCs) are taxed at individual income tax brackets.

Self-Employment Tax

Self-employed individuals pay both portions of Social Security & Medicare taxes:

15.3% Total

12.4% Social Security
2.9% Medicare

An additional 0.9% Medicare surtax for high-income earners

Payroll Tax Rates (Employer & Employee Combined)

Social Security: 12.4%
Medicare: 2.9%
Additional Medicare surtax for income above IRS thresholds

Need Help Understanding Your Tax Bracket?

Tax rates impact your refund, liability, investment planning, and long-term wealth strategy. Our experts can analyze your financial situation and help optimize your tax outcomes.