Tax Rates

2025 Tax Rates - Single Taxpayers 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

2025 Tax Rates - Married Filing Jointly & 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

2025 Tax Rates - 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

2025 Tax Rates - 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

2025 Social Security & Medicare 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 (above $200,000 single / $250,000 joint)	0.9%
Net Investment Income Tax (MAGI over $200,000 single / $250,000 joint)	3.8%

Item	2025 Amount
Business Section 179 expensing limit	$2,500,000
Business Section 179 phaseout threshold	$4,000,000
First-year bonus depreciation rate	100% (40% if acquired Jan. 1–18, 2025)
Section 199A phaseout threshold	$197,300 (single), $394,600 (married)
Qualified small-employer HRA limit	$6,350 (single), $12,800 (family)
Safe harbor for higher-income taxpayers	110% of 2024 tax liability
Standard mileage rate (business)	70 cents
Standard mileage rate (medical/moving)	21 cents
Standard mileage rate (charitable)	14 cents
Child Tax Credit (per child)	$2,200
Kiddie tax unearned income limit	$1,350
Capital gains tax rate (0%)	Up to $48,350 (single), $96,700 (joint)
Capital gains tax rate (15%)	$48,350–$533,400 (single), $96,700–$600,050 (joint)
Capital gains tax rate (20%)	Above $533,400 (single), $600,050 (joint)
Sec. 1250 gains rate	25%
Collectibles gains rate	28%
Traditional/Roth IRA contribution limit	$7,000 (<50), $8,000 (50+)
SIMPLE IRA contribution limit	$16,500 (<50), $20,000 (50+), +$1,750 (ages 60–63)
SEP IRA max contribution	25% of eligible compensation up to $70,000
Senior deduction (65+)	$6,000 (phases out after $75,000/$150,000)
Qualified tips income deduction	$25,000 (phases out after $150,000/$300,000)
Qualified overtime compensation deduction	$12,500 (phases out after $150,000/$300,000)
Passenger vehicle loan interest deduction	$10,000 (phases out after $100,000/$200,000)
SALT deduction limit	$40,000 (reduced after $500,000 income)

2025 Education	2025 Amount
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 to June 30, 2025)
For each breakfast	$1.66
For each lunch or supper	$3.15
For each snack (up to 3 per day per child)	$0.93

2025 Standard Meal Rates for Family Child Care Providers (for income tax returns — July 1, 2024 to June 30, 2025)
For each breakfast	$2.66
For each lunch or supper	$5.10
For each snack (up to 3 per day per child)	$1.52

2025 Standard Meal Rates for Family Child Care Providers (for income tax returns — July 1, 2024 to June 30, 2025)
For each breakfast	$2.14
For each lunch or supper	$4.09
For each snack (up to 3 per day per child)	$1.22
Source: Federal Register

Tax Center