2025 Federal Income Tax Rates & Key Figures

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Single Filers

Standard Deduction: $15,750

Tax Rate       Taxable Income Range

10%                $0 – $11,925

12%                $11,925 – $48,475

22%                $48,475 – $103,350

24%                $103,350 – $197,300

32%                $197,300 – $250,525

35%                $250,525 – $626,350

37%                Over $626,350

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MFJ & Surviving Spouses

Standard Deduction: $31,500

Tax Rate        Taxable Income Range

10%                 $0 – $23,850

12%                 $23,850 – $96,950

22%                 $96,950 – $206,700

24%                 $206,700 – $394,600

32%                 $394,600 – $501,050

35%                 $501,050 – $751,600

37%                 Over $751,600

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Married Filing Separately

Standard Deduction: $15,750

Tax Rate        Taxable Income Range

10%                 $0 – $11,925

12%                 $11,925 – $48,475

22%                 $48,475 – $103,350

24%                 $103,350 – $197,300

32%                 $197,300 – $250,525

35%                 $250,525 – $375,800

37%                 Over $375,800

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Head of Household

Standard Deduction: $23,625

Tax Rate        Taxable Income Range

10%                 $0 – $17,000

12%                 $17,000 – $64,850

22%                 $64,850 – $103,350

24%                 $103,350 – $197,300

32%                 $197,300 – $250,500

35%                 $250,500 – $626,350

37%                 Over $626,350

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Estates & Trusts

Tax Rate        Taxable Income Range

10%                 $0 – $3,150

24%                 $3,150 – $11,450

35%                 $11,450 – $15,650

37%                 Over $15,650

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2025 Social Security & Medicare (FICA)

Item                                                                    A & R

Social Security (Employer)                       6.2%

Social Security (Employee)                      6.2%

Social Security (Self-Employed)            12.4%

Maximum Earnings SSA                            $176,100

Medicare Tax (Employer)                           1.45%

Medicare Tax (Employee)                          1.45%

Medicare Tax (Self-Employed)                2.9%

Additional Medicare Tax Above

$200,000 / $250,000                                 0.9%

Net Investment Income Tax Threshold

(Single $200k / Joint $250k)                   3.8%     

 

2025 Miscellaneous Tax Limits

Item                                              2025 Amount

Sec 179 Expense Limit         $2,500,000

Sec 179 Phaseout Begins   $4,000,000

Bonus Depreciation               100%

                                                        (40% if acquired

                                                        1/1/25–1/18/25)

Section 199A

Phaseout Threshold               $197,300/$394,600

QSEHRA Limit                          $6,350/$12,800 

Safe Harbor for Est. Tax        110% of PY tax

Mileage Rate  Business         $0.70/mile

Mileage Rate  Medical           $0.21/mile

Mileage Rate  Charitable      $0.14/mile

Child Tax Credit                        $2,200/child

Kiddie Tax Unearned

Income Limit                              $1,350

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2025 Capital Gains

Capital Gains          Rate / Threshold

0% Bracket               Up to $48,350 / $96,700

15% Bracket             $48,350 – $533,400 /

                                      $96,700 – $600,050 

20% Bracket            Over $533,400 / $600,050 

Unrecaptured

Sec. 1250 Gains     25%

Collectibles             28%

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2025 Retirement Plan Contribution Limits

Plan Type                          2025 Limit

Traditional/Roth IRA    $7,000 / $8,000 (50+)

SIMPLE IRA                     $16,500 / $20,000 (50+)

                                              +$1,750 (age 60–63)

SEP IRA                             25% of comp up to $70K

Senior Standard            $6,000 (phases out after

Deduction Add-on        $75,000 / $150,000)                                                     

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2025 Education Credits

Item                                                  2025 Amount

American Opportunity             $2,500 / student

Lifetime Learning                       $2,000 / return

Student Loan Interest Ded.    $2,500

Coverdell ESA Contribution   $2,000 / student

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2025 Standard Meal Rates (Family Child Care Providers)

(July 1, 2024 – June 30, 2025)

Meal                                  Tier I      Tier I     CACFP 

Breakfast                        $1.66     $2.66    $2.14

Lunch / Supper            $3.15     $5.10     $4.09

Snack (up to 3/day)    $0.93    $1.52     $1.22