The IRS has unveiled the updated tax brackets for the 2025 fiscal year, reflecting a 2.8% increase to align with inflation. These changes aim to adjust the purchasing power of taxpayers, offering potential benefits for those with lower incomes while imposing higher rates on higher earners.

With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

The Internal Revenue Service starts tax season 2025 Monday with some changes and an expansion of the Direct File program. Why it matters: The free online tax-filing program is reshaping how millions of Americans do their taxes.