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Quick Reference 2025

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

Single 2025
FromToRateMarginal TaxTotal Tax
011,92510%1,1931,193
11,92648,47512%4,3865,579
48,476103,35022%12,07317,651
103,351197,30024%22,54840,199
197,301*250,52532%17,03257,231
250,526626,35035%131,539188,770
626,351forever37%
Married Filing Jointly 2025
FromToRateMarginal TaxTotal Tax
023,85010%2,3852,385
23,85196,95012%8,77211,157
96,951206,70022%24,14535,302
206,701394,60024%45,09680,398
394,601*501,05032%34,064114,462
501,051751,60035%87,693202,155
751,601forever37%

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

 

Standard Deduction Single15,000
Standard Deduction Married Filing Joint30,000
Social Security Wage Limit176,100
IRA Contribution Limit7,000 + 1,000 catch-up
Roth Income Phaseout Single150,000
Roth Income Phaseout Married Filing Joint246,000
401k Employee23,500 + 7,500 catch-up
401k Employer46,500
Max 401k Total70,000 + 7,500 catch-up

Jason Watson, CPA, is a Partner and the CEO 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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Taxpayer’s Comprehensive Guide to LLCs and S Corps 2025 Edition

Taxpayer’s Comprehensive Guide to LLCs and S Corps 2025 EditionThis KB article is an excerpt from our 420+ page book (some picture pages, but no scatch and sniff) which is available in paperback from Amazon, as an eBook for Kindle and as a PDF from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or visit our webpage which provides more information.

LLCs and S Corp Book AmazonLLCs and S Corp Book KindleLLCs and S Corp Book PDF
$49.95$39.95$29.95

Talk to a Small Business CPA About Your Situation

Please use the form below to tell us a little about yourself, and what you have going on with your small business or 1099 contractor gig. WCG CPAs & Advisors are small business CPAs, tax professionals and consultants, and we look forward to talking to you!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?

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