2025 Tax Resources
Tax Resources
2025 Tax Due Dates
Regular Tax Due
Wednesday,
April 15, 2026
- 00Days to April 15
Extended Tax Due
Thursday, October 15, 2026
- 00Days to October 15
2025 Quarterly Tax Due Dates
| Income Earned For | Due Date |
|---|---|
|
January 1 to March 31 |
April 15, 2025 |
|
April 1 to May 31 |
June 15, 2025 |
|
June 1 to August 31 |
September 15, 2025 |
|
September 1 to December 31 |
January 15, 2026 |
2025 Contribution Limits
2025 Traditional IRA & Roth IRA Contribution Limits
| | 2024 | 2025 |
|---|---|---|
| IRA-Roth IRA Contribution Limits | ||
| Contribution Limit | $7,000 | $7,000 |
| 50+ Catch Up | $1,000 | $1,000 |
| Traditional IRA Deductibility Phaseout Based on MAGI | ||
| Participants Married-Jointly | $123,000- $143,000 | $126,000- $146,000 |
| Participants Married-Separately | $0-$10,000 | $0-$10,000 |
| Participants All others | $77,000- $87,000 | $79,000- $89,000 |
| Non-participant married to a participant | $230,000- $240,000 | $236,000- $246,000 |
| Neither Spouse a Participant | Fully Deductible | Fully Deductible |
| Roth IRA Phase-Out based on MAGI | ||
| Married-Jointly | $230,000- $240,000 | $236,000- $246,000 |
| Married-Separately | $0-$10,000 | $0-$10,000 |
| All Others | $146,000- $161,000 | $150,000- $165,000 |
2025 Retirement Savings Plans Contribution Limits
| | 2024 | 2025 |
|---|---|---|
| 401k, 403b, 457b* | $23,000 | $23,500 |
| 50+ Catch-UP | $7,500 | $7,500 |
| SIMPLE IRA | $16,000 | $16,500 |
| 50+ Catch-UP | $3,500 | $3,500 |
| SEP IRA | Up to 25% of Compensation or $69,000 | Up to 25% of Compensation or $70,000 |
| SEP IRA Comp. Threshold | $750 | $750 |
| Defined Contribution Max Annual Additions | Up to 25% of Compensation or $69,000 | Up to 25% of Compensation or $70,000 |
| Defined Benefit Max Annual Benefit | $275,000 | $280,000 |
| Max Comp. Considered | $345,000 | $350,000 |
| HCE** | $155,000 | $160,000 |
| HCE - Top Hat** | $220,000 | $230,000 |
| *Special Catch Up rules applies to certain 403b contributors with 15 or more years of service and governmental 457b participants in the last 3 years before retirement. **HCE = Highly Compensated Employee |
2025 Health Savings Account Contribution Limits
The Health Savings Account is a powerful planning tool that offers unique tax benefits. Check out my article A Healthy Investment: Discover the Surprising Benefits of Health Savings Accounts for more information.
| | 2024 | 2025 |
|---|---|---|
| Contribution Limits | ||
| Single/Family | $4,150 / $8,300 | $4,300 / $8,600 |
| Age 55+ Catch-Up | $1,000 | $1,000 |
| High Deductible Health Plans | ||
| Min.Deductible Single/Family | $1,600 / $3,200 | $1,650 / $3,300 |
| Max. OOP Single/Family | $8,300 / $16,600 | $8,550 / $17,100 |
Deductions and Credits
2025 Federal Standard Deduction
| | 2024 | 2025 |
|---|---|---|
| Single / Married - Separately | $14,600 | $15,000 |
| Married - Jointly | $29,200 | $30,000 |
| Head of Household | $14,600 | $15,000 |
2025 Education Deductions and Credits
| | 2024 | 2025 |
|---|---|---|
| Maximum Deduction for Student Loan Interest | ||
| Max Deduction | $2,500 | $2,500 |
| Phaseout - Single | $80,000- $95,000 | $85,000- $100,000 |
| Phaseout - Joint | $165,000- $195,000 | $170,000- $200,000 |
| Phaseout for American Opportunity Credit ($2,500) | ||
| Married - Jointly | $165,000- $195,000 | $170,000- $200,000 |
| Others | $80,000- $95,000 | $85,000- $100,000 |
| Phaseout for Lifetime Learning Credit ($2,000) | ||
| Married - Jointly | $165,000- $195,000 | $170,000- $200,000 |
| Others | $80,000- $95,000 | $85,000- $100,000 |
| Phaseout for Exclusion of US Savings Bond Income | ||
| Married - Jointly | $137,800-$167,800 | |
| Others | $91,850-$106,850 |
2025 Saver's Credit
The Saver’s Credit is a tax credit designed to encourage lower income households to save for retirement.
| Adjusted Gross Income Limit | 2024 | 2025 |
|---|---|---|
| Married - Jointly | $76,500 | $79,000 |
| Head of Household | $57,375 | $59,250 |
| Single, Married - Separately, Qualifying Widow | $38,250 | $39,500 |
| *Credit can be 50%, 20%, or 10% of contribution depending on AGI. |
Qualified Charitable Distributions (QCD's)
While not technically a deduction, QCD’s are a powerful way to give to charities from your pre-tax IRA accounts without incurring taxation on the amounts given. Historically, the limit on QCD’s was set at $100,000 per year, per person. However, the SECURE Act 2.0 passed in 2022 added a provision for this limit to be adjusted for inflation each year.
The 2025 QCD limit is $108,000.
For more information on QCD’s, see The Win-Win Strategy: QCDs and Charitable Contributions – Gilbert Wealth.
2025 Tax Brackets
2025 Federal Ordinary Income Tax Brackets
Federal Ordinary Income Tax Brackets are used to calculate your tax liability from active income sources like wages, self-employment incomes, and rental income.
See Mastering Tax Brackets for Better Financial Planning: How Progressive Tax Bracket Work – Gilbert Wealth for more information.
- Find the row with your income range listed in column 1 and 2.
- Subtract your taxable income from the last column.
- Multiply that result by the rate in column 4.
- Add the result in step 3 to the base tax amount in Column 3.
2025 Federal Tax Brackets for Single Filers
| Income Over | But Not Over | Tax+ | % on Excess | Of the Amount Over |
|---|---|---|---|---|
| 0 | $11,925 | 0 | 10% | 0 |
| $11,925 | $48,475 | $1,193 | 12% | $11,925 |
| $48,475 | $103,350 | $5,579 | 22% | $48,475 |
| $103,350 | $197,300 | $17,651 | 24% | $103,350 |
| $197,300 | $250,525 | $40,199 | 32% | $197,300 |
| $250,525 | $626,350 | $57,231 | 35% | $250,525 |
| $626,350 | - | $188,770 | 37% | $626,350 |
2025 Federal Tax Brackets for Married Filing Jointly
| Income Over | But Not Over | Tax+ | % on Excess | Of the Amount Over |
|---|---|---|---|---|
| 0 | $23,850 | 0 | 10% | 0 |
| $23,850 | $96,950 | $2,385 | 12% | $23,850 |
| $96,950 | $206,700 | $11,157 | 22% | $96,950 |
| $206,700 | $394,600 | $35,302 | 24% | $206,700 |
| $394,600 | $501,050 | $80,398 | 32% | $394,600 |
| $501,050 | $751,600 | $114,462 | 35% | $501,050 |
| $751,600 | - | $202,155 | 37% | $751,600 |
2025 Federal Tax Brackets for Head of Household
| Income Over | But Not Over | Tax+ | % on Excess | Of the Amount Over |
|---|---|---|---|---|
| 0 | $17,000 | 0 | 10% | 0 |
| $17,000 | $64,850 | $1,700 | 12% | $17,000 |
| $64,850 | $103,350 | $7,442 | 22% | $64,850 |
| $103,350 | $197,300 | $15,912 | 24% | $103,350 |
| $197,300 | $250,500 | $38,460 | 32% | $197,300 |
| $250,500 | $626,350 | $55,484 | 35% | $250,500 |
| $626,350 | - | $187,032 | 37% | $626,350 |
2025 Federal Tax Brackets for Married Filing Separately
| Income Over | But Not Over | Tax+ | % on Excess | Of the Amount Over |
|---|---|---|---|---|
| 0 | $11,925 | 0 | 10% | 0 |
| $11,925 | $48,475 | $1,193 | 12% | $11,925 |
| $48,475 | $103,350 | $5,579 | 22% | $48,475 |
| $103,350 | $197,300 | $17,651 | 24% | $103,350 |
| $197,300 | $250,525 | $40,199 | 32% | $197,300 |
| $250,525 | $375,800 | $57,231 | 35% | $250,525 |
| $375,800 | - | $101,077 | 37% | $375,800 |
2025 Federal Tax Brackets for Trusts and Estates
| Income Over | But Not Over | Tax+ | % on Excess | Of the Amount Over |
|---|---|---|---|---|
| 0 | $3,150 | 0 | 10% | 0 |
| $3,150 | $11,450 | $315 | 24% | $3,150 |
| $11,450 | $15,650 | $2,307 | 35% | $11,450 |
| $15,650 | - | $3,777 | 37% | $15,650 |
2025 Federal Capital Gains Tax Brackets
The Capital Gains tax rates apply to long-term capital gains and qualified dividends.
| Rate | Single | Married - Jointly | Married - Separately | Head of Household |
|---|---|---|---|---|
| 0% | 0 | 0 | 0 | 0 |
| 15% | $48,350 | $96,700 | $48,350 | $64,750 |
| 20% | $533,400 | $600,050 | $300,000 | $566,700 |
2025 Social Security Limits
Social Security Earnings Limit
| | 2024 | 2025 |
|---|---|---|
| Taxable Wage Base | ||
| Social Security (OASDI) | $168,600 | $176,100 |
| Medicare (HI Only) | No Limit | No Limit |
| Retirement Earning Test | ||
| Under FRA *$1 W/H for Every $2 Over | $22,320/yr or $1,860/mo | $23,400/yr or $1,950/mo |
| Year reaching FRA *$1 W/H for Every $3 Over | $59,520/yr or $4,960/mo | $62,160/yr or $5,180/mo |
| Taxability of Benefits based on Provisional Income | ||
| Married - Jointly | Married - Jointly | |
| Not Taxable | <$32,000 | <$32,000 |
| Up to 50% taxable | $32,000-$44,000 | $32,000-$44,000 |
| Up to 85% taxable | >$44,000 | >$44,000 |
| States that tax SS Separately | CO, CT, KS, MN, MO, MT, NE, NM, ND, RI, UT, VT | |
| *Married - Separately: Up to 85% of benefits are taxable | ||
| **Provisional Income = AGI + Nontaxable Income + 1/2 of SS Benefit | ||
| Age to Receive Full Benefits | ||
| Year of Birth | FRA | % Reduced @ 62 / % Increased @ 70 |
| 1943-1954 | 66 | 25.00% / 132.0% |
| 1955 | 66 & 2 mo | 25.83% / 130.7% |
| 1956 | 66 & 4 mo | 26.67% / 129.3% |
| 1957 | 66 & 6 mo | 27.50% / 128.0% |
| 1958 | 66 & 8 mo | 28.33% / 126.7% |
| 1959 | 66 & 10 mo | 29.17% / 125.3% |
| 1960 & Later | 67 | 30.00% / 124.0% |
| Benefit Payment Dates | ||
| If Birthday Is On… | Payment is On… | |
| 1st-10th | 2nd Wednesday | |
| 11th-20th | 3rd Wednesday | |
| 21st-31st | 4th Wednesday |
Social Security Provisional Income
| | Single | Married - Jointly |
|---|---|---|
| Not Taxable | <$25,000 | <$32,000 |
| Up to 50% taxable | $25,000-$34,000 | $32,000-$44,000 |
| Up to 85% taxable | >$34,000 | >$44,000 |
States that Tax Social Security Separately: CO, CT, KS, MN, MO, MT, NE, NM, ND, RI, UT, VT
2025 FICA & SECA Tax Rates
| | Income Limit | Self-Employed | Employee | ||
|---|---|---|---|---|---|
| OASDI (Social Security) | $176,100 | 12.40% | 6.2% | ||
| HI (Medicare) | No Limit | 2.90% | 1.45% | ||
| Additional Medicare Tax | $200,000 Single $250,000 Married | 0.90% | 0.90% |
2025 Net Investment Income Tax
| Filing Status | MAGI | Rate |
|---|---|---|
| Single/Head of Household | $200,000 | 3.80% |
| Married Filing Jointly/Separately | $250,000/$125,000 | 3.80% |
| Trusts & Estates | $12,500 | 3.80% |
2025 Business Tax Rates
| Structure | Tax Rate |
|---|---|
| C-Corporations | 21% |
| S-Corporations & LLC | Individual Tax Rate |
| Qualified Business Income Deduction | 20% |
2025 Medicare Income Related Monthly Adjustment Amounts (IRMAA)
| If your Yearly Income in 2023 (for what you pay in 2025) was | Part B | Part D | ||||
|---|---|---|---|---|---|---|
| Single | Married - Jointly | Married - Separately | Monthly | Annually | Monthly | Annually |
| <$106,000 | <$212,000 | <$106,000 | $185.00 | $2,220.00 | $46.50 | $558.00 |
| $106,000-$129,000 | $212,000-$258,000 | N/A | $256.90 | $3,082.80 | $60.20 | $722.40 |
| $133,000-$161,000 | $265,000-$322,000 | N/A | $364.90 | $4,378.80 | $95.50 | $1,146.00 |
| $166,000-$193,000 | $332,000-$386,000 | N/A | $472.80 | $5,673.60 | $152.50 | $1,830.00 |
| $199,000-$500,000 | $398,000-$750,000 | $106,000-$394,000 | $581.00 | $6,972.00 | $231.10 | $2,773.20 |
| >$500,000 | >$750,000 | >$397,000 | $617.00 | $7,404.00 | $316.90 | $3,802.80 |
| *Part D Late Enrollment Penalty = 1% of National Base Premium of $32.74 times # of full uncovered months of no Part D or Creditable coverage. |
Distributions
Uniform Lifetime Table
The Uniform Lifetime Table is one of the tables used to calculate Required Minimum Distributions.
| Age | Divisor Balance | % of Acct | Age | Divisor Balance | % of Acct |
|---|---|---|---|---|---|
| 72 | 27.4 | 3.65% | 88 | 13.7 | 7.30% |
| 73 | 26.5 | 3.77% | 89 | 12.9 | 7.75% |
| 74 | 25.5 | 3.92% | 90 | 12.2 | 8.20% |
| 75 | 24.6 | 4.07% | 91 | 11.5 | 8.70% |
| 76 | 23.7 | 4.22% | 92 | 10.8 | 9.26% |
| 77 | 22.9 | 4.37% | 93 | 10.1 | 9.90% |
| 78 | 22.0 | 4.55% | 94 | 9.5 | 10.53% |
| 79 | 21.1 | 4.74% | 95 | 8.9 | 11.24% |
| 80 | 20.2 | 4.95% | 96 | 8.4 | 11.90% |
| 81 | 19.4 | 5.15% | 97 | 7.8 | 12.82% |
| 82 | 18.5 | 5.41% | 98 | 7.3 | 13.70% |
| 83 | 17.7 | 5.65% | 99 | 6.8 | 14.71% |
| 84 | 16.8 | 5.95% | 100 | 6.4 | 15.63% |
| 85 | 16.0 | 6.25% | 101 | 6.0 | 16.67% |
| 86 | 15.2 | 6.58% | 102 | 5.6 | 17.86% |
| 87 | 14.4 | 6.94% | 103 | 5.2 | 19.23% |
Gift and Estate Tax
2025 Gift and Estate Tax
| | 2024 | 2025 |
|---|---|---|
| Annual Gift Tax Exclusion | $18,000 | $19,000 |
| Unified Credit Exemption | $13,610,000 | $13,990,000 |
| Gift to Non-Citizen Spouse | $185,000 | $185,000 |
| Highest Estate Tax Bracket | $0 | $0 |
| States with Separate Estate Tax | CT, DC, HI, IL, MA, MD, ME, MN, NY, OR, RI, VT, WA | |
| States with Inheritance Tax | IA, KY, NE, PA | |
| Community Property States | AK, AZ, CA, ID, LA, NM, NV, TX, WA, WI |
States with Separate Estate Tax: CT, DC, HI, IL, MA, MD, ME, MN, NY, OR, RI, VT, WA
States with Inheritance Tax: IA, KY, NE, PA
Community Property States: AK, AZ, CA, ID, LA, NM, NV, TX, WA, WI
Additional Tax Resources
Resources for Individuals
When Will Tax Supporting Documents Arrive
| Document | Receive By |
|---|---|
|
W-2’s, 1098 Mortgage Interest, Charitable Donation Receipts, and most 1099’s (Non-Employment Income, Interest, Dividends, Retirement Plan Distributions) |
January 31 |
|
1099’s for Taxable Accounts |
February 15 |
|
K-1’s from Partnerships or Passthroughs |
March 15 or April 15 |