January 1, 2025

Annual Federal Update

General

  • 2024 CPI-U (estimate) and chained CPI-U

Federal Tax

  • 2025 Income Tax Brackets
  • 2025 Standard Deduction
  • 2025 Taxable Income Limits for incorporating Capital Gains taxes
  • 2025 AMT Thresholds
  • 2025 Child Tax Credit
  • 2025 Earned Income Credit
  • 2025 Medicare B premium and income brackets

Social Security

  • 2025 Contribution and Benefit Base
  • 2025 Earnings required for a quarter of coverage
  • 2024 COLA
  • 2024 Retirement Earnings Test Annual Exempt Amounts
  • 2024 WEP Substantial Earnings
  • 2024 Real wage Differential
  • 2023 Average Wage Index