Select A Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| ||
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 grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers) |
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, 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 Standard Meal Rates for Family Child Care Providers for income tax returns |
|
|
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 |