The IRS has released the 2025 federal income tax brackets, and while the top marginal tax rate remains at 37%, other income thresholds have been adjusted for inflation.

The IRS has released the 2025 long-term capital gains tax brackets, which apply to the sale of capital assets held for more than one year. These rates are tied to your taxable income and filing status, and remain at 0%, 15%, and 20% — with inflation-adjusted thresholds.

Section 179 allows businesses to deduct the full cost of qualifying equipment and software purchased or financed during the tax year -- rather than depreciating it over time.