Tax laws change every year, and 2025 is no exception.
Whether you’re saving for retirement, managing investments, or just trying to keep more of your hard-earned money, staying on top of the latest updates can make a big difference. From new contribution limits to key tax code changes, we’re breaking it all down so you can make smarter financial moves this year.
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Retirement Contribution Limits & Catch-Up Provisions
If you’re planning for retirement, here are the updated contribution limits for 2025:
401(k), 403(b), 457(b) Plans
- Base Contribution: $23,500
- Catch-Up Provision (Ages 50-59 or 64+): $7,500
- Catch-Up Provision (Ages 60-63): Special considerations apply
IRA, Roth IRA, Non-Deductible IRA
- Base Contribution: $7,000
- Catch-Up Provision (Ages 50+): $1,000
Simple IRA
- Base Contribution: $16,500
- Catch-Up Provision (Ages 50-59 or 64+): $3,500
- Catch-Up Provision (Ages 60-63): Special considerations apply
Defined Contribution Plans
- Base Contribution: $70,000
- Catch-Up Provision (Ages 50+): $7,500
Important Tax Deadlines for 2025
- Jan 15: 4th quarter 2024 estimated tax payment due
- Jan 24: Estimated start of the 2024 tax season
- Jan 31: Employers must send W-2 forms; certain 1099 forms due
- Apr 15: Tax day & deadline to file IRS Form 4868 (tax extension request)
- Apr 15: Deadline for IRA & HSA contributions for 2024
- Jun 16: 2nd quarter 2025 estimated tax payment due
- Sep 15: 3rd quarter 2025 estimated tax payment due
- Oct 15: Deadline to file an extended 2024 tax return
- Dec 31: Required Minimum Distributions (RMDs) due for individuals aged 74+
- Jan 15, 2026: 4th quarter 2025 estimated tax payment due
- Apr 1, 2026: RMD due if you turned 73 in 2025
2025 Tax Brackets
| Tax Rate | Single | Married, Filing Jointly | Married, Filing Separately | Head of Household |
|---|---|---|---|---|
| 10% | $0 – $11,925 | $0 – $23,850 | $0 – $11,925 | $0 – $17,000 |
| 12% | $11,925 – $48,475 | $23,850 – $96,950 | $11,925 – $48,475 | $17,000 – $64,850 |
| 22% | $48,475 – $103,350 | $96,950 – $206,700 | $48,475 – $103,350 | $64,850 – $103,350 |
| 24% | $103,350 – $197,300 | $206,700 – $394,600 | $103,350 – $197,300 | $103,350 – $197,300 |
| 32% | $197,300 – $250,525 | $394,600 – $501,050 | $197,300 – $250,525 | $197,300 – $250,500 |
| 35% | $250,525 – $626,350 | $501,050 – $751,600 | $250,525 – $375,800 | $250,500 – $626,350 |
| 37% | Over $626,350 | Over $751,600 | Over $375,800 | Over $626,350 |
Social Security & Medicare Taxes
- Social Security (OASDI): 6.2% on max earnings of $176,100
- Medicare Tax: 1.45% (no earning limit)
- Total FICA Tax: 7.65%
- Additional Medicare Tax: 0.90% on income above:
- $250,000+ (Married, Filing Jointly)
- $125,000+ (Married, Filing Separately)
- $200,000+ (Single & Other Filers)
IRA & Roth IRA Contribution Limits
Traditional IRA Income Phase-Out Ranges
- $79,000 – $89,000: Single filers with a workplace retirement plan
- $126,000 – $146,000: Married, filing jointly (spouse covered by a plan)
- $236,000 – $246,000: Married, filing jointly (spouse not covered by a plan)
- $0 – $10,000: Married, filing separately (covered by a plan)
Roth IRA Contribution Income Limits
- $150,000 – $165,000: Single & Head of Household
- $236,000 – $246,000: Married, filing jointly
2025 Standard Deduction Amounts
| Filing Status | Standard Deduction |
| Single | $15,000 |
| Married, Filing Jointly | $30,000 |
| Married, Filing Separately | $15,000 |
| Head of Household | $22,500 |
Additional Deduction for 65+:
- Single/Head of Household: +$2,000
- Married, Filing Jointly: +$3,200
- Married, Filing Separately: +$1,600
Health Savings Account (HSA) Contribution Limits
- Individuals: $4,300
- Families: $8,550
- Catch-Up (55+ Older): $1,000
Estate & Gift Tax Exemptions
- Estate, Gift & GST Tax Rate: 40%
- Lifetime Estate, Gift & GST Exclusion: $13,990,000
- Annual Gift Exclusion: $19,000
Capital Gains Tax Brackets (For Taxes Due in April 2026)
| Tax-Filing Status | 0% Rate | 15% Rate | 20% Rate (Income Over) |
| Unmarried Individuals | $0 – $44,050 | $44,051 – $488,500 | $626,350+ |
| Married, Filing Jointly | $0 – $88,100 | $88,101 – $1,002,700 | $1,252,700+ |
Alternative Minimum Tax (AMT) Exemptions
- Single: $72,000 (Phaseout starts at $533,400)
- Married, Filing Jointly: $96,700 (Phaseout starts at $600,050)
- Married, Filing Separately: $48,350 (Phaseout starts at $300,000)
- Head of Household: $64,750 (Phaseout starts at $566,700)
