Tax rates change every year. Take a look at this year’s federal and Arkansas tax rates to stay informed and prepared. Our up-to-date list includes income tax brackets, payroll rates, and more, providing the details you need to plan confidently for both personal and business finances.
| 2025 Tax Brackets and Federal Income Tax Rates | Tax Foundation | |||
| Tax Rate | For Single Filers | For Married Individuals Filing Joint Returns | For Heads of Households |
| 10% | $0 to $11,925 | $0 to $23,850 | $0 to $17,000 |
| 12% | $11,925 to $48,475 | $23,850 to $96,950 | $17,000 to $64,850 |
| 22% | $48,475 to $103,350 | $96,950 to $206,700 | $64,850 to $103,350 |
| 24% | $103,350 to $197,300 | $206,700 to $394,600 | $103,350 to $197,300 |
| 32% | $197,300 to $250,525 | $394,600 to $501,050 | $197,300 to $250,500 |
| 35% | $250,525 to $626,350 | $501,050 to $751,600 | $250,500 to $626,350 |
| 37% | $626,350 or more | $751,600 or more | $626,350 or more |
| 2024 Tax Rates – Single Taxpayers – Standard Deduction $14,600 | |
| 10% | 0 to $11,600 |
| 12% | $11,600 to $47,150 |
| 22% | $47,150 to $100,525 |
| 24% | $100,525 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $609,350 |
| 37% | Over $609,350 |
| 2024 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $29,200 | |
| 10% | 0 to $23,200 |
| 12% | $23,201 to $94,300 |
| 22% | $94,301 to $201,050 |
| 24% | $201,051 to $383,900 |
| 32% | $383,901 to $487,450 |
| 35% | $487,451 to $731,200 |
| 37% | Over $731,200 |
| 2024 Tax Rates – Married Filing Separately – Standard Deduction $14,600 | |
| 10% | 0 to $11,600 |
| 12% | $11,600 to $47,150 |
| 22% | $47,150 to $100,525 |
| 24% | $100,525 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $365,600 |
| 37% | Over $365,600 |
| 2024 Tax Rates – Head of Household – Standard Deduction $21,900 | |
| 10% | 0 to $16,550 |
| 12% | $16,550 to $63,100 |
| 22% | $63,100 to $100,500 |
| 24% | $100,500 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $609,350 |
| 37% | Over $609,350 |
| 2024 Tax Rates – Estates & Trusts | |
| 10% | 0 to $3,100 |
| 24% | $3,100 to $11,150 |
| 35% | $11,150 to $15,200 |
| 37% | Over $15,200 |
| Social Security | 2024 Tax Rates |
| Social Security Tax Rate: Employers | 6.20% |
| Social Security Tax Rate: Employees | 6.20% |
| Social Security Tax Rate: Self-Employed | 15.30% |
| Maximum earnings subject to Social Security tax | $168,600 |
| Maximum earnings subject to Medicare tax | Unlimited |
| Medicare Tax Rate: Employers | 1.45% |
| Medicare Tax Rate: Employees | 1.45% |
| Medicare tax rate: Self-employed | 2.90% |
| Additional Medicare tax on FICA wages and self-employment income above $200,000 (single filers) or $250,000 (joint filers) | 0.90% |
| Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers) | 3.80% |
| Miscellaneous | 2024 Tax Rates |
| Business Section 179 expensing limit | $1,220,000 |
| Business Section 179 phaseout threshold | $3,050,000 |
| First-year bonus depreciation rate | 60% |
| Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out | $191,950 (single and head of household); $383,900 (married filing jointly) |
| Qualified small-employer Health Reimbursement Arrangement limit | $6,150 (single coverage); $12,450 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income taxpayers driving | 110% of 2023 tax liability |
| Standard mileage rate for business driving | 67 cents |
| Standard mileage rate for medical driving | 21 cents |
| Standard mileage rate for moving driving (only members of the Armed Forces on active duty who move because of a permanent change of station) | 21 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit (per child under age 17 at the end of the tax year) | $2,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $1,300 |
| Maximum capital gains tax rate for taxpayers with income up to $47,025 for single filers, $ 94,050 for married filing jointly | 0% |
| Maximum capital gains tax rate for taxpayers with income $47,025 to $518,900 for single filers, $94,050 to $583,750 for married filing jointly | 15% |
| Maximum capital gains tax rate for taxpayers with income above $518,900 for single filers, $583,750 for married filing jointly | 20% |
| Maximum contribution for Traditional/Roth IRA | $6,500 if under age 50 $7,500 if 50 or older |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $7,000 if under age 50/$8,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $16,000 if under age 50/$19,500 if 50 or older |
| Maximum contribution to SEP IRA | 25% of eligible compensation up to $69,000 |
| Education | 2024 Tax Rates |
| American Opportunity Credit (per student) | $2,500 |
| Lifetime Learning Credit (per return) | $2,000 |
| Student Loan Interest Deduction (per return) | $2,500 |
| Coverdell Education Savings Account Contribution (per student) | $2,000 |
| Standard Meal Rates for Family Child Care Providers for income tax returns | |
| Continental U.S. | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $1.65 |
| For each lunch or supper | $3.12 |
| For each snack (up to 3 per day for each child) | $0.93 |
| Alaska | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $2.63 |
| For each lunch or supper | $5.05 |
| For each snack (up to 3 per day for each child) | $1.50 |
| Hawaii | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $2.12 |
| For each lunch or supper | $4.05 |
| For each snack (up to 3 per day for each child) | $1.20 |
| Source: Federal Register | |