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 0.9% self-employment income above $200,000 (single filers) or $250,000 (joint filers)
Net investment income tax on taxpayers with modified 3.8% adjusted gross income (MAGI) exceeding $200,000 (single filers) or $250,000 (joint filers)
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 $197,300 (single & head of household); (qualified business income) deduction for $394,600 (married filing jointly) pass-through entities may begin to phase out
Qualified small-employer Health Reimbursement $6,350 (single coverage); Arrangement limit $12,800 (family coverage)
Prior-year safe harbor for estimated taxes of 110% of 2024 tax liability higher-income taxpayers
Standard mileage rate for business driving 70 cents
Standard mileage rate for medical driving 21 cents
Standard mileage rate for moving driving 21 cents (only members of the Armed Forces on active duty who move because of a permanent change of station)
Standard mileage rate for charitable driving 14 cents
Child Tax Credit (per child under age 17 at the $2,000 end of the tax year)
Unearned income maximum for children $1,350 under 19 before kiddie tax applies
Maximum capital gains tax rate for taxpayers with 0% income up to $48,350 for single filers, $96,700 for married filing jointly
Maximum capital gains tax rate for taxpayers with 15% income $48,350 to $533,400 for single filers, $96,700 to $600,050 for married filing jointly
Maximum capital gains tax rate for taxpayers with 20% income above $533,400 for single filers, $600,050 for married filing jointly
Capital gains tax rate for unrecaptured 25% Sec. 1250 gains
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) $1.52
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) $1.22