I'm paying about 45% the past several years. Planning to dial back this year. I guess paying 45% is a good problem to have.
The IRS has released the tax inflation adjustments for the 2025 tax year. Here are the key details: The tax rates remain unchanged at 10%, 12%, 22%, 24%, 32%, 35%, and 37. The income thresholds for each bracket have been adjusted for inflation by approximately 2.8%. For single filers in 2025: 10% bracket: $0 - $11,925 12% bracket: $11,926 - $48,475 22% bracket: $48,476 - $103,350 24% bracket: $103,351 - $197,300 32% bracket: $197,301 - $250,525 35% bracket: $250,526 - $626,350 37% bracket: $626,351 and up For married couples filing jointly in 2025: 10% bracket: $0 - $23,850 12% bracket: $23,851 - $96,950 22% bracket: $96,951 - $206,700 24% bracket: $206,701 - $394,600 32% bracket: $394,601 - $501,050 35% bracket: $501,051 - $751,600 37% bracket: $751,601 and up These adjustments aim to prevent "bracket creep" due to inflation and will apply to the tax returns filed in early 2026 for the 2025 tax year
But I am asking if income from futures trading is taken into account when establishing which tax bracket I fall into?