The IRS has recently made changes to the capital gains tax brackets for 2025. These changes involve increasing the taxable income limits for long-term capital gains, which are applicable to assets held for over a year.

Additionally, the agency has updated various provisions such as federal income tax brackets, the estate and gift tax exemption, and eligibility criteria for the child tax credit.

In the upcoming tax year, the standard deduction will be raised to $15,000 for single filers and $30,000 for married couples filing jointly. It is worth noting that single filers can qualify for the 0% long-term capital gains rate if their taxable income is $48,350 or less, while married couples filing jointly can benefit from this rate with a taxable income of $96,700 or less.

These adjustments made by the IRS are in response to inflation and economic conditions.