Please see the attached PDF for all relevant 2025 Tax Reference Numbers.
(Click the photo above for the PDF. It is also available for download HERE.)
Key Takeaways:
- 401k/403b Contribution Limit: Individual contribution limit has increased by $500 from $23,000 to $23,500.
- Catch-Up Limit: Age 50 and older catch-up of $7500 remains.
- NEW Catch-Up Limit: A new limit has been added for Ages 60 – 63 of $11,250.
- Standard Deduction Increase: MFJ* $800 / HoH* & Single Filers $600 / MFSeparate* $400.
- Annual Gift Tax Exclusion:Increases by $1000 to $19,000.
- Social Security Max Earnings:Increases to $176,100 from $168,600
- Health Savings Account (HSA): Annual Family Contribution Limit raised to $8550 and Individual to $4300
If you would like to review the reference numbers from 2024, you can download them HERE.
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Glossary
MFJ = Married Filing Jointly
HoH = Head of Household
MFSeparate = Married Filing Separate