Quick Reference 2025

Jason Watson, CPA

11 months ago

By Jason Watson, CPA
Posted Sunday, December 29, 2024

Single 2025

From	To	Rate	Marginal Tax	Total Tax
0	11,925	10%	1,193	1,193
11,926	48,475	12%	4,386	5,579
48,476	103,350	22%	12,073	17,651
103,351	197,300	24%	22,548	40,199
197,301*	250,525	32%	17,032	57,231
250,526	626,350	35%	131,539	188,770
626,351	forever	37%
Married Filing Jointly 2025
From	To	Rate	Marginal Tax	Total Tax
0	23,850	10%	2,385	2,385
23,851	96,950	12%	8,772	11,157
96,951	206,700	22%	24,145	35,302
206,701	394,600	24%	45,096	80,398
394,601*	501,050	32%	34,064	114,462
501,051	751,600	35%	87,693	202,155
751,601	forever	37%

* Start of Section 199A qualified business income phaseout for small business owners.

Standard Deduction Single	15,000
Standard Deduction Married Filing Joint	30,000
Social Security Wage Limit	176,100
IRA Contribution Limit	7,000 + 1,000 catch-up
Roth Income Phaseout Single	150,000
Roth Income Phaseout Married Filing Joint	246,000
401k Employee	23,500 + 7,500 catch-up
401k Employer	46,500
Max 401k Total	70,000 + 7,500 catch-up

Jason Watson, CPA, is a Senior Partner of WCG CPAs & Advisors, a boutique yet progressive tax, accounting
and business consultation firm located in Colorado serving small business owners and taxpayers worldwide.

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