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 $200,000 (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
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 rate 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 ~ $7,000 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 to 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 Standard Meal Rates for Family Child Care Providers for Income Tax Returns
States Other Than Alaska and Hawaii
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
Alaska
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) ~ $1.99
Hawaii
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) ~ $1.34