Standard Deduction
2024 2025
Single $14,600 $15,000
Single, 65 or Older $16,550 $17,000
Married Filing Jointly $29,200 $30,000
Married Filing Separately$14,600 $15,000
Head of Household $21,900 $22,500
Itemized Deductions 2025
Health Savings Account - HSAs have individual contribution limit of $4,300 and family is $8,550 for 2025. Those 55 and older can contribute an additional $1K as a catch-up.
State and Local Taxes - deduct up to $5,000 per person, $10,000 if married filing separately.
Casualty Losses - allowed when federal disaster has been declared
2025 Mileage Rates
Business Mileage - $0.70/mile
Medical Mileage - $0.21/mile
Charitable Mileage - $0.14/mile
Tax Rate Schedule 2025 - Single
Taxable Income Base Tax Rate on Excess
$0-$11,925 $0 10%
$11,926-$48,475 $1,192.50 12%
$48,476-$103,350 $5,578.50 22%
$103,350-$197,300 $17,651 24%
$197,301-$250,525 $40,199 32%
Tax Rate Schedule 2025 - Married Filing Jointly
Taxable Income Base Tax Rate on Excess
$0-$23,850 $0 10%
$23,851-96,950 $2,385 12%
$96,951-206,700 $11,157 22%
$206,701-$394,600 $35,302 24%
$394,601-$501,050 $80,398 32%
Tax Rate Schedule 2025 - Head of Household
Taxable Income Base Tax Rate on Excess
$0-$17,000 $0 10%
$17,001-$64,850 $1,700 12%
$64,851-$103,350 $7,442 22%
$103,351-197,300 $15,912 24%
$197,301-250,500 $38,460 32%
Tax Rate Schedule 2025 - Married Filing Separately
Taxable Income Base Tax Rate on Excess
$0-$11,925 $0 10%
$11,926-$48,475 $1,192.50 12%
$478,476-$103,350 $5,578.50 22%
$103,351-$197,300 $17,651 24%
$197,301-$250,525 $40,199 32%