2025 – 2026 Tax Rates Reference Guide
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2025 Federal Tax Bracket
| Rate | For Unmarried Individuals, Taxable Income Over | For Married Individuals Filing Joint Returns, Taxable Income Over | For Heads of Households, Taxable Income Over |
| 10% | Up to $11,925 | Up to $23,850 | Up to $17,000 |
| 12% | $11,926 to $48,475 | $23,851 to $96,950 | $17,001 to $64,850 |
| 22% | $48,476 to $103,350 | $96,951 to $206,700 | $64,851 to $103,350 |
| 24% | $103,351 to $197,300 | $206,701 to $394,600 | $103,351 to $197,300 |
| 32% | $197,301 to $250,525 | $394,601 to $501,050 | $197,301 to $250,500 |
| 35% | $250,526 to $626,350 | $501,051 to $751,600 | $250,501 to $626,350 |
| 37% | $626,351 or more | $751,601 or more | $629,351 or more |
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2025 Trust and Estates
| Rate | Trust and Estates, Taxable Income Over |
| 10% | Up to $3,150 |
| 24% | $3,151 to $11,450 |
| 35% | $11,451 to $15,650 |
| 37% | Over $15,650 |
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2025 Long Term Capital Gain and Qualified Dividend Tax Rates
| Tax Rate | Long Term Capital Gain, Single/MFS | Long Term Capital Gain, Married Filing Jointly | Long Term Capital Gain, Head of Household |
| 0% | $0.00 to $48,350 | $0.00 to $96,700 | $0.00 to $64,750 |
| 15% | $48,351 to $533,400 | $96,701 to $600,050 | $64,751 to 566,700 |
| 20% | $533,401 and above | $600,051 and above | $566,701 and above |
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Miscellaneous
| Standard Deductions | 2025 | 2026 (Returns filed in 2027) |
| Single and Married Filing Separately | $15,750 | $16,100 |
| Married Filing Jointly & Surviving Spouse | $31,500 | $32,200 |
| Head of House Hold | $23,625 | $24,150 |
| Aged 65+ or Blind (MFJ/Single) Each | $1,600 and $2,000 | $1,650 and $2,050 |
| Enhanced Senior Deductions | $6,000 | $6,000 |
| Child Unearned Tax (Kiddie Tax) | 2025 | 2026 (Returns filed in 2027) |
| Unearned Income | $2,700 | $2,800 |
| Social Security and Medicare Tax | 2025 | 2026 (Returns filed in 2027) |
| Social Security Rate (EE+ER) | 12.40% | 12.40% |
| Social Security Income Limit | $176,100 | $184,500 |
| Medicare Rate (EE+ER) | 2.90% | 2.90% |
| Additional Medicare Tax ($125,000+ to $250,000+) S/MFS/MFJ/HOH | 0.90% | 0.90% |
| Medicare Income Limit | No Limit | No Limit |
| Retirement Accounts Contribution | 2025 Regular Limit | 2025 Catch Up (50+) Limit |
| 401(k), 403(b), and 457 plans | $23,500 | $31,000 |
| SIMPLE IRA | $16,500 | $20,000 |
| Gift and GST Tax | 2025 | 2026 (Returns filed in 2027) |
| Gift Tax Rate | 40% | 40% |
| Annual Exclusion | $19,000 | $19,000 |
| Lifetime Exemption | $13,990 million | $15,000 million |
| Annual Exclusion for non citizen spouse | $190,000 | $194,000 |
| Personal Exemptions | 2025 | 2026 (Returns filed in 2027) |
| Personal Exemptions | Suspended | Suspended |
| STANDARD Mileage Deduction | 2024 | 2026 (Returns filed in 2027) |
| Business Use | $0.70 | $0.725 |
| Charitable Use | $0.14 | $0.14 |
| Medical/Moving | $0.21 | $0.205 |
Child/other dependents Tax Credit
For 2025, child tax credit is $2,200 per child under age 17 as of the end of the year. Phase out of the credit begins at Modified Adjusted Gross Income (MAGI) of $400,000 for MFJ and $200,000 for all other filers (Reduces by $50 per $1,000 over threshold). Up to $1,700 of the child tax credit is subject to refund (refundable) in 2024.
For 2025, the credit for other dependent (ODC) is $500 per qualifying dependent. This is a non-refundable tax credit. Phase out of the credit begins at Modified Adjusted Gross Income (MAGI) of $400,000 for MFJ and $200,000 for all other filers (Reduces by $50 per $1,000 over threshold).
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Taxable Social Security Benefits
Social security income is not taxable unless Adjusted Gross Income (AGI) + tax-exempt interest + half of Social Security received exceeds base amounts.
The base amounts (or limits) for 2025 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child. The limit for joint filers is $32,000. If you are married filing separately, you will likely have to pay taxes on your Social Security income.
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Section 179 Deductions
Section 179 dollar limitation is $2,500,000 for 2025. There is a $31,300 limitation on SUV’s for 2025. The dollar limitations phase out for the property amount exceeds $4,000,000.
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Special Bonus Depreciation
For 2025, the allowance is 100% for most qualified, new and used, property. Qualified property includes; MACRS property with 20 years or less recovery period, qualified improvements property, and off-the-shelf computer software.