Tax Rates
2025 Tax Rates - Single Taxpayers Standard Deduction $15,000
10%
0 to $11,925
12%
$11,925 to $48,475
22%
$48,475 to $103,350
24%
$103,350 to $197,300
32%
$197,300 to $250,525
35%
$250,525 to $626,350
37%
Over $626,350
2025 Tax Rates - Married Jointly & Surviving Spouses Standard Deduction $30,000
10%
0 to $23,850
12%
$23,850 to $96,950
22%
$96,950 to $206,700
24%
$206,700 to $394,600
32%
$394,600 to $501,050
35%
$501,050 to $751,600
37%
Over $751,600
2025 Tax Rates - Married Filing Separately Standard Deduction $15,000
10%
0 to $11,925
12%
$11,925 to $48,475
22%
$48,475 to $103,350
24%
$103,350 to $197,300
32%
$197,300 to $250,525
35%
$250,525 to $375,800
37%
Over $375,800
2025 Tax Rates - Head of Household Standard Deduction $22,500
10%
0 to $17,000
12%
$17,000 to $64,850
22%
$64,850 to $103,350
24%
$103,350 to $197,300
32%
$197,300 to $250,500
35%
$250,500 to $626,350
37%
Over $626,350
2025 Tax Rates - Estates & Trusts
10%
0 to $3,150
24%
$3,150 to $11,450
35%
$11,450 to $15,650
37%
Over $15,650
2025 Social Security
2025 Tax Rates
Social Security Tax Rate: Employers
6.2%
Social Security Tax Rate: Employees
6.2%
Social Security Tax Rate: Self-Employed
12.4%
Maximum earnings subject to Social Security tax
$176,100
Maximum earnings subject to Medicare tax
Unlimited
Medicare Tax Rate: Employers
1.45%
Medicare Tax Rate: Employees
1.45%
Medicare Tax Rate: Self-Employed
2.9%
Additional Medicare tax on FICA wages and self-employment income above $200,00 (single filers) or $250,000 (joint filers)
0.9%
Net investment income tax on taxpayers with modified adjusted gross income (MAGI) exceeding $200,000 (single filers) or $250,000 (joint filers)
3.8%
2025 Miscellaneous
2025 Tax Rates
Business Section 179 expensing limit
$1,250,000
Business Section 179 phaseout threshold
$3,130,000
First-year bonus depreciation rate
40%
Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out
$197,300 (single and head of household); $394,600 (married filing jointly)
Qualified small-employer Health Reimbursement Arrangement limit
$6,350 (single coverage); $12,800 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income taxpayers
110%of 2024 tax liability
Qualified small-employer Health Reimbursement Arrangement limit
$6,350 (single coverage); $12,800 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income taxpayers
110% of 2024 tax liability
Standard mileage rate for business driving
70 cents
Standard mileage rate for medical driving
21 cents
Standard mileage rate for moving driving (only members of the Armed Forces on active duty who move because of a permanent change of station)
21 cents
Standard mileage rate for charitable driving
14 cents
Child Tax Credit (per child under age 17 at the end of the tax year)
$2,000
Unearned income maximum for children under 19 before kiddie tax applies
$1,350
Maximum capital gains tax rate for taxpayers with income up to $48,350 for single filers, $96,700 for married filing jointly
0%
Maximum capital gains tax for taxpayers with income $48,350 to $533,400 for single filers, $96,700 to $600,050 for married filing jointly
15%
Maximum capital gains tax rate for taxpayers with income above $533,400 for single filers, $600,050 for married filing jointly
20%
Capital gains tax rate for unrecaptured Sec.1250 gains
25%
Capital gains tax rate on collectibles
28%
Maximum contribution for Traditional/Roth IRA
$7,00 if under age 50 / $8,000 if 50 or older
Maximum employee contribution to SIMPLE IRA
$16,500 if under age 50 / $20,000 if 50 or older + $1,750 if age 60,61,62 or 63
Maximum contribution to SEP IRA
25% of eligible compensation up to $70,000
2025 Education
2025 Tax Rates
American Opportunity Credit (per student)
$2,500
Lifetime Learning Credit (per return)
$2,000
Student Loan Interest Deduction (per return)
$2,500
Coverdell Education Savings Account Contribution (per student)
$2,000
2025 Tax Rates - Estates & Trusts
July 1, 2024 - June 30, 2025
For each breakfast
$1.66
For each lunch or supper
$3.15
For each snack (up to 3 per day for each child)
$0.93
July 1, 2024 - June 30, 2025
For each breakfast
$2.66
For each lunch or supper
$5.10
For each snack (up to 3 per day for each child)
$1.52
July 1, 2024 - June 30, 2025
For each breakfast
$2.14
For each lunch or supper
$4.09
For each snack (up to 3 per day for each child)
$1.22
Source: Federal Register
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