2025 Fact Sheet

2025 Fact Sheet

HSA

 Maximum employee contribution:
·       Self-only HDHP coverage: $4,300
·       Family HDHP coverage: $8,550
·       Catch-up contribution (55 or older): $1,000
 
Health flexible spending account (HFSA)

 Maximum elective contribution (plan year): $3,300
Maximum allowable carryover: $660
 
Dependent Care Flexible Spending Account (DCFSA)

 Maximum elective contribution (plan year): $5,000
 
Social Security and Medicare tax rates

 Social Security:
·       Taxable base wage: $176,100
·       Employer contribution rate: 6.2%
·       Employee contribution rate: 6.2%
 
Medicare:
·       Taxable wage base: unlimited
·       Employer contribution rate: 1.45%
·       Employee contribution rate: 1.45% (plus 0.9% on wages over $200,000*)
 
*$200,000 single or head of household; $250,000 married filing jointly; $125,000 married filing separately
 
401(k), 403(b), 457, and federal Thrift Savings Plans

 Maximum elective contribution: $23,500
Maximum catch-up contribution (age 50–59): $7,500
Maximum catch-up contribution (age 60–63): $11,250
 
Individual retirement arrangement (IRA)

 Maximum contribution: $7,000
Maximum catch-up contribution (age 50 or older): $1,000
 
Savings Incentive Match Plan for Employees IRA (SIMPLE IRA)

 Maximum elective contribution: $16,500
Maximum catch-up contribution (age 50–59): $3,500
Maximum catch-up contribution (age 60–63): $5,250
 


    • Popular Articles

    • How To: Add Workflow Delegation for Backup Approval

      If a manager/approver is out of the office for a period of time, Workflow Delegation can be set up to assign a different manager to handle approvals during their absence. Delegations can be add by the employee prior to their absence or by the Admin ...

    • How To: Enter a Manual Check

      Enter the Payroll Prep for the next scheduled payroll date Select View Pay Statements in the Add/Edit Pay Statements Payroll Prep step.  Do not Initiate Payroll or Sync Time  Select New Pay Statement  Create a new pay statement using the Manual Pay ...

    • How To: Submit a New Tax Withholding Form

      Changes to withholding form, such as the IRS Form W-4, can be initiated directly in the system by an employee and approved by HR. Once processed, all changes will be automatically updated on the employee record and applied to the next payroll ...

    • How To: Enroll in Benefits For Life Change Event

      To enroll in benefits as the result of a life change event, such as the birth of a child, adoption, marriage, divorce, etc. select Start a new life change event on the My Benefits widget: You may also navigate to My Benefits > Enrollment > Life ...

    • How To: Consent to Electronic Year-End Form Delivery (W2 or 1099)

      To grant consent for electronic year-end forms, navigate to My Info > My Pay > Forms > W2 or 1099-NEC Click the Electronic Consent button Check the box to Receive Form W2 Electronically and confirm the update with your password Once you have ...