Company Car Tax Rates 2025/2025 20252025 Company. The irs has announced higher federal income tax brackets and standard deductions for 2025. If you have a company car as a benefit from your job, which you can use privately (outside of work), you will have to pay benefit in kind (bik) tax.

In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1). Your first look at 2025 tax rates: