Federal income tax brackets and standard deduction
get_federal_tax_bracketsReturns the exact federal income tax brackets (rate, lower and upper bound, tax on lower brackets) and standard deduction for tax year 2025 or 2026 and a filing status, from IRS Rev. Proc. 2024-40 and Rev. Proc. 2025-32, including the One Big Beautiful Bill Act (P.L. 119-21) standard deduction increase for 2025 ($15,750 / $31,500 / $23,625). Also returns the Social Security wage base and Medicare thresholds for that year.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| tax_year | Yes | Tax year: 2025 or 2026. | |
| filing_status | Yes | Federal filing status. Qualifying surviving spouse uses married_filing_jointly. |