Tax Information & News
Financial Information that Impacts You
Key Financial Data for 2025
2025 tax rates
|
Taxable Income($) |
Base tax ($) |
Plus |
Marginal tax rate |
Of the amount over ($) |
|
Single |
|
|
|
|
|
0 to 11,925 |
|
+ |
10.00% |
|
|
11,926 to 48,475 |
1,192.50 |
+ |
12.00% |
11,925 |
|
48,476 to 103,350 |
5,578.50 |
+ |
22.00% |
48,475 |
|
103,351 to 197,300 |
17,651.00 |
+ |
24.00% |
103,350 |
|
197,301 to 250,525 |
40,199.00 |
+ |
32.00% |
197,300 |
|
250,526 to 626,350 |
57,231.00 |
+ |
35.00% |
250,525 |
|
Over 626,350 |
188,769.75 |
+ |
37.00% |
626,350 |
|
|
|
|
|
|
|
Married filing joint |
|
|
|
|
|
0 to 23,850 |
|
+ |
10.00% |
|
|
23,851 to 96,950 |
2,385.00 |
+ |
12.00% |
23,850 |
|
96,951 to 206,700 |
11,157.00 |
+ |
22.00% |
96,950 |
|
206,701 to 394,600 |
35,302.00 |
+ |
24.00% |
206,700 |
|
394,601 to 501,050 |
80,398.00 |
+ |
32.00% |
394,600 |
|
501,051 to 751,600 |
114,462.00 |
+ |
35.00% |
501,050 |
|
Over 751,600 |
202,154.50 |
+ |
37.00% |
751,600 |
|
|
|
|
|
|
|
Head of Household |
|
|
|
|
|
0 to 17,000 |
|
+ |
10.00% |
|
|
17,001 to 64,850 |
1,700.00 |
+ |
12.00% |
17,000 |
|
64,851 to 103,350 |
7,442.00 |
+ |
22.00% |
64,850 |
|
103,351 to 197,300 |
15,912.00 |
+ |
24.00% |
103,350 |
|
197,301 to 250,500 |
38,460.00 |
+ |
32.00% |
197,300 |
|
250,501 to 626,350 |
55,484.00 |
+ |
35.00% |
250,500 |
|
Over 626,350 |
187,031.50 |
+ |
37.00% |
626,350 |
|
|
|
|
|
|
|
Married filing separately |
|
|
|
|
|
|
|
|
|
|
|
0 to 11,925 |
|
+ |
10.00% |
|
|
11,926 to 48,475 |
1,192.50 |
+ |
12.00% |
11,925 |
|
48,476 to 103,350 |
5,578.50 |
+ |
22.00% |
48,475 |
|
103,351 to 197,300 |
17,651.00 |
+ |
24.00% |
103,350 |
|
197,301 to 250,525 |
40,199.00 |
+ |
32.00% |
197,300 |
|
250,526 to 375,800 |
57,231.00 |
+ |
35.00% |
250,525 |
|
Over 375,800 |
101,077.25 |
+ |
37.00% |
375,800 |
| Gift and Estate Tax Exclusion | |
| Annual Gift Tax Exclusion $19,000 | |
| Estate, gift & GST exclusions $13,990,000 | |
| 2025 HSA (Health Savings Accounts) | |
| Contribution LImits | |
|
Single $4,300 |
|
| Family $8,550 | |
| Plan Required Minimum Deductible | |
| Single $1,650 Out of pocket maximum $8,300 | |
|
Family $3,300 Out of pocket maximum $16,600 |
|
|
Catch-up for 55 and older $1,000
|
|
| Retirement Plan Contribution Limits | |
| 401(k), 403(b), 457(b), Roth 401(k) plans elective deferrals | $23,500 |
| Catch-up provision for individuals 50 and over | $7,500 |
| SIMPLE plans, elective deferrals | $16,500 |
| Catch-up contributions for 50 and over (SIMPLE) | $3,500 |
| Defined-contribution plans, basic limit | $70,000 |
| Defined-benefit plans, basic limit |
$280,000 |
| Individual Retirement Accounts (IRAs) | |
| Traditional deductible, nondeductible and Roth | $7,000 |
| Catch-up provision for over 50 | $1,000 |
Key Financial Data for 2024
2024 tax rates
|
Taxable Income($) |
Base tax ($) |
Plus |
Marginal tax rate |
Of the amount over ($) |
|
Single |
|
|
|
|
|
0 to 11,600 |
|
+ |
10.00% |
|
|
11,601 to 47,150 |
1,160.00 |
+ |
12.00% |
11,600 |
|
47,151 to 100,525 |
5,426.00 |
+ |
22.00% |
47,150 |
|
100,526 to 191,950 |
17,168.50 |
+ |
24.00% |
100,525 |
|
191,951 to 243,725 |
39,110.50 |
+ |
32.00% |
191,950 |
|
243,726 to 609,350 |
55,678.50 |
+ |
35.00% |
243,725 |
|
Over 609,350 |
183,647.25 |
+ |
37.00% |
609,350 |
|
|
|
|
|
|
|
Married filing joint |
|
|
|
|
|
0 to 23,200 |
|
+ |
10.00% |
|
|
23,201 to 94,300 |
2,320.00 |
+ |
12.00% |
23,200 |
|
94,301 to 201,050 |
10,852.00 |
+ |
22.00% |
94,300 |
|
201,051 to 383,900 |
34,337.00 |
+ |
24.00% |
201,050 |
|
383,901 to 487,450 |
78,221.00 |
+ |
32.00% |
383,900 |
|
487,451 to 731,200 |
111,357.00 |
+ |
35.00% |
487,450 |
|
Over 731,200 |
196,669.50 |
+ |
37.00% |
731,200 |
|
|
|
|
|
|
|
Head of Household |
|
|
|
|
|
0 to 16,550 |
|
+ |
10.00% |
|
|
16,551 to 63,100 |
1,655.00 |
+ |
12.00% |
16,550 |
|
63,101 to 100,500 |
7,241.00 |
+ |
22.00% |
63,100 |
|
100,501 to 191,950 |
15,469.00 |
+ |
24.00% |
100,500 |
|
191,951 to 243,700 |
37,417.00 |
+ |
32.00% |
191,950 |
|
243,701 to 609,350 |
53,977.00 |
+ |
35.00% |
243,700 |
|
Over 609,350 |
181,954.50 |
+ |
37.00% |
609,350 |
|
|
|
|
|
|
|
Married filing separately |
|
|
|
|
|
|
|
|
|
|
|
0 to 11,600 |
|
+ |
10.00% |
|
|
11,601 to 47,150 |
1,160.00 |
+ |
12.00% |
11,600 |
|
47,151 to 100,525 |
5,426.00 |
+ |
22.00% |
47,150 |
|
100,526 to 191,950 |
17,168.50 |
+ |
24.00% |
100,525 |
|
191,951 to 243,725 |
39,110.50 |
+ |
32.00% |
191,950 |
|
243,726 to 365,600 |
55,678.50 |
+ |
35.00% |
243,725 |
|
Over 365,600 |
98,334.75 |
+ |
37.00% |
365,600 |
| Gift and Estate Tax Exclusion | |
| Annual Gift Tax Exclusion $18,000 | |
| Estate, gift & GST exclusions $13,610,000 | |
| 2024 HSA (Health Savings Accounts) | |
| Contribution LImits | |
| Single $4,150 | |
| Family $8,300 | |
| Plan Required Minimum Deductible | |
| Single $1,600 Out of pocket maximum $8,050 | |
|
Family $3,200 Out of pocket maximum $16,100 |
|
|
Catch-up for 55 and older $1,000
|
|
| Retirement Plan Contribution Limits | |
| 401(k), 403(b), 457(b), Roth 401(k) plans elective deferrals | $23,000 |
| Catch-up provision for individuals 50 and over | $7,500 |
| SIMPLE plans, elective deferrals | $16,000 |
| Catch-up contributions for 50 and over (SIMPLE) | $3,500 |
| Defined-contribution plans, basic limit | $69,000 |
| Defined-benefit plans, basic limit | $275,000 |
| Individual Retirement Accounts (IRAs) | |
| Traditional deductible, nondeductible and Roth | $7,000 |
| Catch-up provision for over 50 | $1,000 |
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