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IRS FACTS & FIGURES, TBA=To be announced 2025                   2026

Social Security COLA                                                              2.5%                  2.8%

Part B premium- income < $85,000                                            185.00               202.90

Standard Deduction

Single/Married Filing Separately                                                 15,750              16,100

Married Filing Joint                                                                    31,500              32,200

Head of Household                                                                    23.625              24,150

Child Tax Credit–Per child under 17 $ under 400,000          2,000               2,000

Family Credit—unqualified dependents                                          500                   500

Mileage-Business/Charity/Medical                                         .70/.14/.21             TBA

Retirement Contribution Limits

IRA under 50/over 50                                                          7,000/8,000        7,500/8,600

401K/403B/457 under 50/over 50                                       23,500/31,000     24,500/32,500

Age 60-63 additional contribution (BBB) 401K                         3,250.00*            3,250.00*

*401k over 50 Catch up =8,000, if 60-63 catch up =total 11,250 (8,000+3,250)

Annual Gift Exclusion

Person/Couple                                                               19,000/38,000      19,000/38,000

Estate Tax Exclusion for Deaths in                               13,990,000          15 million

HSA Maximum Contribution                                   Under 55/Over 55      Under 55/Over

Single                                                                        4,300/5,300             4,400/5,400

Family                                                                        8,550/9,550               8,750/9,750

2025 Long Term Capital Gain Taxable $+ Capital Gain less than

48,350 Single, 96,700 Married Joint or 64,750 Head of Household rate = 0%

533,400 Single, 600,050 Married Joint or 566,700 Head of Household=   15%

Over above limits=                                                                             20%

2026 Long Term Capital Gain Taxable $+ Capital Gain less than

49,450 Single, 98,900 Married Joint or 66,200 Head of Household rate = 0%

545,000 Single, 613,700 Married Joint or 579,600 Head of Household=   15%

Over above limits=                                                                             20%

2025 Tax Brackets (For Total income Minus Standard Deduction)³