(for 2025, reflecting increases made by the One Big Beautiful Bill Act of 2025: $15,750 for an individual return, $23,625 for heads of households, and $31,500 for a joint return, increased for elderly and/or blind taxpayers), or more if the taxpayer has over that amount in itemized deductions. Amounts in excess of this are taxed at the rates in the above table.

Separately, the tax on collectibles and certain small business stock is capped at