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2025 Important Planning Numbers


In this short video, I break down the key updates to 2025’s most important financial planning numbers and what they mean for you. From tax brackets and capital gains implications to Social Security and Medicare surcharge updates to 401(k) and HSA contribution limits, I highlight the most impactful shifts and share insights to help you plan financially for 2025.




2025 Market Outlook Video Transcript


Hi, this is Brian Fry with Safe Planning Financial.

I want to share some of my top takeaways when looking at 2025 important financial planning numbers. You can find a link below to download a copy of the 2025 important financial planning numbers PDF.

The first planning takeaway is that looking at the federal income tax numbers, the top end of the 12%, the 22%, the 24%, and more are slightly higher. This means that you’ll likely find yourself paying slightly less tax when it comes to marginal tax rates compared to 2024. The long-term capital gains ranges are slightly higher than last year but overall very similar. Meanwhile, the net investment income tax, as I like to refer to as the high-earner penalty, is essentially the exact same at $200,000 for individuals and $250,000 for married filing jointly.

The Social Security wage base went up from $168,600 to $176,100 for 2025. This portion is taxed at 6.2% for individuals and 12.4% for self-employed individuals. For Medicare wages, there is no cap, so this portion is taxed at 1.45% flat across the board and 2.9% for self-employed individuals. Social Security cost-of-living adjustments went up 2.5% in benefits.

Medicare premiums and IRMAA surcharges are important for those that are approaching Medicare age and they’re either still working or considering Roth conversions. The penalties for 2025 are slightly higher for IRMAA surcharges for Part B and Part D than they were in 2024. It’s important to recognize that there’s also a two-year look-back period.

Here’s a really unique change when it comes to 2025 planning numbers. The elective deferral, the amount of pre-tax or Roth for 401k contribution limits, went up from $23,000 to $23,500. The catch-up limit for those above age 50 has actually changed quite a bit.

Last year it was $7,500 for those age 50 and above. This year, it’s changed for ages 50 to 59 and over 63 to $7,500, while those aged 60 to 63 will have a catch-up contribution of $11,250.

The total 401(k) contribution plan limits, including elective deferrals, catch-up contributions, employer match, and after-tax contributions changed from 2024 to 2025. This is especially important for individuals eligible for the mega-backdoor Roth strategy.

For individuals under age 50, the total 401(k) contribution limit moved from $69,000 to $70,000 in 2025.

For individuals ages 50 to 59 and over 63, the total 401(k) contribution limit moved from $76,500 in 2024 to $77,500 in 2025.

And for individuals ages 60 to 63 the total 401(k) contribution limit moved from $76,500 in 2024 to $81,250 in 2025.

Even though the 401(k) limits have slightly changed from last year, the IRA or Roth IRA contribution limits are unchanged from 2024 to 2025. The eligibility and phase-out numbers did go slightly higher, but for those that are high-income and unable to directly participate, these are not going to impact you as much.

Consider eligibility and ability to participate if your taking part in advanced strategies such as the backdoor Roth strategy or Spousal IRA.

Finally, there are slightly higher contribution limits for those participating in a high-deductible health plan that is HSA-eligible. For 2025, you can save up to $4,300 for an individual. If you have a spouse or a child eligible in the plan, you can save up to $8,550 for a family plan. If you’re age 55 or above, then you can also contribute an extra $1,000 catch-up contribution towards your HSA. Similarly, if your spouse is age 55 or above, they can contribute an extra $1,000 towards their HSA.

I hope you enjoyed my takeaways for important financial planning numbers in 2025. Don’t forget to download a copy of this PDF and let me know if you have any questions as you’re planning your financial future.



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More Resources


Backdoor Roth Guide + Flowchart
Mega-Backdoor Roth Guide
RSU Guide + Strategy After Vesting
Deferred Compensation Guide + Case Study
HSA Guide + Strategy for Reimbursement
Financial Planning for Dell Employees
Financial Planning for Tech Professionals
Financial Planning for Retirement and Beyond

Risk Disclosure: Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific situation with a qualified tax professional.

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