Tax Rates
Tax Rates
2018 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,525 |
10% of the taxable amount |
$9,525 |
$38,700 |
$952.50 plus 12% of the excess over $9,525 |
$38,700 |
$82,500 |
$4,453.50 plus 22% of the excess over $38,700 |
$82,500 |
$157,500 |
$14,089.50 plus 24% of the excess over $82,500 |
$157,500 |
$200,000 |
$32,089.50 plus 32% of the excess over $157,500 |
$200,000 |
$500,000 |
$45,689.50 plus 35% of the excess over $200,000 |
Over $500,000 |
no limit |
$150,689.50 plus 37% of the excess over $500,000 |
2018 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$19,050 |
10% of the taxable amount |
$19,050 |
$77,400 |
$1,905 plus 12% of the excess over $19,050 |
$77,400 |
$165,000 |
$8,907 plus 22% of the excess over $77,400 |
$165,000 |
$315,000 |
$28,179 plus 24% of the excess over $165,000 |
$315,000 |
$400,000 |
$64,179 plus 32% of the excess over $315,000 |
$400,000 |
$600,000 |
$91,379 plus 35% of the excess over $400,000 |
$600,000 |
no limit |
$161,379 plus 37% of the excess over $600,000 |
2018 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,525 |
10% of the taxable amount |
$9,525 |
$38,700 |
$952.50 plus 12% of the excess over $9,525 |
$38,700 |
$82,500 |
$4,453.50 plus 22% of the excess over $38,700 |
$82,500 |
$157,500 |
$14,089.50 plus 24% of the excess over $82,500 |
$157,500 |
$200,000 |
$32,089.50 plus 32% of the excess over $157,500 |
$200,000 |
$300,000 |
$45,689.50 plus 35% of the excess over $200,000 |
Over $300,000 |
no limit |
$80,689.50 plus 37% of the excess over $300,000 |
2018 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$13,600 |
10% of the taxable amount |
$13,600 |
$51,800 |
$1,360 plus 12% of the excess over $13,600 |
$51,800 |
$82,500 |
$5,944 plus 22% of the excess over $51,800 |
$82,500 |
$157,500 |
$12,698 plus 24% of the excess over $82,500 |
$157,500 |
$200,000 |
$30,698 plus 32% of the excess over $157,500 |
$200,000 |
$500,000 |
$44,298 plus 35% of the excess over $200,000 |
$500,000 |
no limit |
$149,298 plus 37% of the excess over $500,000 |
2018 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$2,550 |
10% of the taxable income |
$2,550 |
$9,150 |
$255 plus 24% of the excess over $2,550 |
$9,150 |
$12,500 |
$1,839 plus 35% of the excess over $9,150 |
$12,500 |
no limit |
$3,011.50 plus 37% of the excess over $12,500 |
Social Security 2018 Tax Rates |
|
Base Salary |
$128,700 |
Social Security Tax Rate |
6.2% |
Maximum Social Security Tax |
$7,979.40 |
Medicare Base Salary |
unlimited |
Medicare Tax Rate |
1.45% |
Additional Medicare 2018 Tax Rates |
|
Additional Medicare Tax |
0.9% |
Filing status |
Compensation over |
Married filing jointly |
$250,000 |
Married filing separate |
$125,000 |
Single |
$200,000 |
Head of household (with qualifying person) |
$200,000 |
Qualifying widow(er) with dependent child |
$200,000 |
Education 2018 Credit and Deduction Limits |
|
American Opportunity Tax Credit (Hope) |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2018 Tax Rates |
|
Standard Deduction: |
|
|
$24,000 |
|
$18,000 |
|
$12,000 |
Business Equipment Expense Deduction |
$1,000,000 |
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2017 tax liability |
Standard mileage rate for business driving |
54.5 cents |
Standard mileage rate for medical/moving driving |
18 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$2,000 per qualifying child |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $77,200 for joint filers and surviving spouses, $51,700 for heads of household, $38,600 for single filers, $38,600 for married taxpayers filing separately, and $2,600 for estates and trusts |
0% |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 for estates and trusts |
15% |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 for estates and trusts |
20% |
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
Capital gains tax rate on collectibles and qualified small business stock |
28% |
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $55,000 |
401(k) maximum employee contribution limit |
$18,500 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$11,200,000 |
Annual Exclusion for Gifts |
$15,000 |
Foreign Earned Income Exclusion |
$104,100 |
2017 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,325 |
10% of the taxable amount |
$9,325 |
$37,950 |
$932.50 plus 15% of the excess over $9,325 |
$37,950 |
$91,900 |
$5,226.25 plus 25% of the excess over $37,950 |
$91,900 |
$191,650 |
$18,713.75 plus 28% of the excess over $91,900 |
$191,650 |
$416,700 |
$46,643.75 plus 33% of the excess over $191,650 |
$416,700 |
$418,400 |
$120,910.25 plus 35% of the excess over $416,700 |
Over $418,400 |
no limit |
$121,505.25 plus 39.6% of the excess over $418,400 |
2017 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$18,650 |
10% of the taxable amount |
$18,650 |
$75,900 |
$1,865 plus 15% of the excess over $18,650 |
$75,900 |
$153,100 |
$10,452.50 plus 25% of the excess over $75,900 |
$153,100 |
$233,350 |
$29,752.50 plus 28% of the excess over $153,100 |
$233,350 |
$416,700 |
$52,222.50 plus 33% of the excess over $233,350 |
$416,700 |
$470,700 |
$112,728 plus 35% of the excess over $416,700 |
$470,700 |
no limit |
$131,628 plus 39.6% of the excess over $470,700 |
2017 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,325 |
10% of the taxable amount |
$9,325 |
$37,950 |
$932.50 plus 15% of the excess over $9,325 |
$37,950 |
$76,550 |
$5,226.25 plus 25% of the excess over $37,950 |
$76,550 |
$116,675 |
$14,876.25 plus 28% of the excess over $76,550 |
$116,675 |
$208,350 |
$26,111.25 plus 33% of the excess over $116,675 |
$208,350 |
$235,350 |
$56,364 plus 35% of the excess over $208,350 |
Over $235,350 |
no limit |
$65,814 plus 39.6% of the excess over $235,350 |
2017 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$13,350 |
10% of the taxable amount |
$13,350 |
$50,800 |
$1,335 plus 15% of the excess over $13,350 |
$50,800 |
$131,200 |
$6,952.50 plus 25% of the excess over $50,800 |
$131,200 |
$212,500 |
$27,052.50 plus 28% of the excess over $131,200 |
$212,500 |
$416,700 |
$49,816.50 plus 33% of the excess over $212,500 |
$416,700 |
$444,550 |
$117,202.50 plus 35% of the excess over $416,700 |
$444,550 |
no limit |
$126,950 plus 39.6% of the excess over $444,550 |
2017 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$2,550 |
15% of the taxable income |
$2,550 |
$6,000 |
$382.50 plus 25% of the excess over $2,550 |
$6,000 |
$9,150 |
$1,245 plus 28% of the excess over $6,000 |
$9,150 |
$12,500 |
$2,127 plus 33% of the excess over $9,150 |
$12,500 |
no limit |
$3,232.50 plus 39.6% of the excess over $12,500 |
Social Security 2017 Tax Rates |
|
Base Salary |
$127,200 |
Social Security Tax Rate |
6.2% |
Maximum Social Security Tax |
$7,886.40 |
Medicare Base Salary |
unlimited |
Medicare Tax Rate |
1.45% |
Additional Medicare 2017 Tax Rates |
|
Additional Medicare Tax |
0.9% |
Filing status |
Compensation over |
Married filing jointly |
$250,000 |
Married filing separate |
$125,000 |
Single |
$200,000 |
Head of household (with qualifying person) |
$200,000 |
Qualifying widow(er) with dependent child |
$200,000 |
Education 2017 Credit and Deduction Limits |
|
American Opportunity Tax Credit (Hope) |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2017 Tax Rates |
|
Personal Exemption (Adjusted Gross Income below $156,900) |
$4,050 |
Business Equipment Expense Deduction |
$510,000 |
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2016 tax liability |
Standard mileage rate for business driving |
53.5 cents |
Standard mileage rate for medical/moving driving |
17 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$1,000 per qualifying child |
Unearned income maximum for children before kiddie tax applies |
$1,050 |
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket |
15% |
Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
Capital gains tax rate on collectibles and qualified small business stock |
28% |
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $54,000 |
401(k) maximum employee contribution limit |
$18,000 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$5,490,000 |
Annual Exclusion for Gifts |
$14,000 |
Foreign Earned Income Exclusion |
$102,100 |
2016 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,275 |
10% of the taxable amount |
$9,275 |
$37,650 |
$927.50 plus 15% of the excess over $9,275 |
$37,650 |
$91,150 |
$5,183.75 plus 25% of the excess over $37,650 |
$91,150 |
$190,150 |
$18,558.75 plus 28% of the excess over $91,150 |
$190,150 |
$413,350 |
$46,278.75 plus 33% of the excess over $190,150 |
$413,350 |
$415,050 |
$119,934.75 plus 35% of the excess over $413,350 |
Over $415,050 |
no limit |
$120,529.75 plus 39.6% of the excess over $415,050 |
2016 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$18,550 |
10% of the taxable amount |
$18,550 |
$75,300 |
$1,855 plus 15% of the excess over $18,550 |
$75,300 |
$151,900 |
$10,367.50 plus 25% of the excess over $75,300 |
$151,900 |
$231,450 |
$29,517.50 plus 28% of the excess over $151,900 |
$231,450 |
$413,350 |
$51,791.50 plus 33% of the excess over $231,450 |
$413,350 |
$466,950 |
$111,818.50 plus 35% of the excess over $413,350 |
$466,950 |
no limit |
$130,578.50 plus 39.6% of the excess over $466,950 |
2016 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,275 |
10% of the taxable amount |
$9,275 |
$37,650 |
$927.50 plus 15% of the excess over $9,275 |
$37,650 |
$75,950 |
$5,183.75 plus 25% of the excess over $37,650 |
$75,950 |
$115,725 |
$14,758.75 plus 28% of the excess over $75,950 |
$115,725 |
$206,675 |
$25,895.75 plus 33% of the excess over $115,725 |
$206,675 |
$233,475 |
$55,909.25 plus 35% of the excess over $206,675 |
Over $233,475 |
no limit |
$65,289.25 plus 39.6% of the excess over $233,475 |
2016 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$13,250 |
10% of the taxable amount |
$13,250 |
$50,400 |
$1,325 plus 15% of the excess over $13,250 |
$50,400 |
$130,150 |
$6,897.50 plus 25% of the excess over $50,400 |
$130,150 |
$210,800 |
$26,835 plus 28% of the excess over $130,150 |
$210,800 |
$413,350 |
$49,417 plus 33% of the excess over $210,800 |
$413,350 |
$441,000 |
$116,258.50 plus 35% of the excess over $413,350 |
$441,000 |
no limit |
$125,936 plus 39.6% of the excess over $441,000 |
2016 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$2,550 |
15% of the taxable income |
$2,550 |
$5,950 |
$382.50 plus 25% of the excess over $2,550 |
$5,950 |
$9,050 |
$1,232.50 plus 28% of the excess over $5,950 |
$9,050 |
$12,400 |
$2,100.50 plus 33% of the excess over $9,050 |
$12,400 |
no limit |
$3,206 plus 39.6% of the excess over $12,400 |
Social Security 2016 Tax Rates |
|
Base Salary |
$118,500 |
|---|---|
Social Security Tax Rate |
6.2% |
Maximum Social Security Tax |
$7,347.00 |
Medicare Base Salary |
unlimited |
Medicare Tax Rate |
1.45% |
Additional Medicare 2016 Tax Rates |
|
Additional Medicare Tax |
0.9% |
Filing status |
Compensation over |
Married filing jointly |
$250,000 |
Married filing separate |
$125,000 |
Single |
$200,000 |
Head of household (with qualifying person) |
$200,000 |
Qualifying widow(er) with dependent child |
$200,000 |
Education 2016 Credit and Deduction Limits |
|
American Opportunity Tax Credit |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2016 Tax Rates |
|
Personal Exemption (Adjusted Gross Income below $155,650) |
$4,050 |
Business Equipment Expense Deduction |
$500,000 |
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2015 tax liability |
Standard mileage rate for business driving |
54 cents |
Standard mileage rate for medical/moving driving |
19 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$1,000 per qualifying child |
Unearned income maximum for children before kiddie tax applies |
$1,050 |
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket |
15% |
Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
Capital gains tax rate on collectibles and qualified small business stock |
28% |
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $53,000 |
401(k) maximum employee contribution limit |
$18,000 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$5,450,000 |
Annual Exclusion for Gifts |
$14,000 |
Foreign Earned Income Exclusion |
$101,300 |
2015 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$9,225 |
10% of the taxable amount |
$9,225 |
$37,450 |
$922.50 plus 15% of the excess over $9,225 |
$37,450 |
$90,750 |
$5,156.25 plus 25% of the excess over $37,450 |
$90,750 |
$189,300 |
$18,481.25 plus 28% of the excess over $90,750 |
$189,300 |
$411,500 |
$46,075.25 plus 33% of the excess over $189,300 |
$411,500 |
$413,200 |
$119,401.25 plus 35% of the excess over $411,500 |
Over $413,200 |
no limit |
$119,996.25 plus 39.6% of the excess over $413,200 |
2015 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
|---|---|---|
$0 |
$18,450 |
10% of the taxable amount |
$18,450 |
$74,900 |
$1,845 plus 15% of the excess over $18,450 |
$74,900 |
$151,200 |
$10,312.50 plus 25% of the excess over $74,900 |
$151,200 |
$230,450 |
$29,387.50 plus 28% of the excess over $151,200 |
$230,450 |
$411,500 |
$51,577.50 plus 33% of the excess over $230,450 |
$411,500 |
$464,850 |
$111,324 plus 35% of the excess over $411,500 |
$464,850 |
no limit |
$129,996.50 plus 39.6% of the excess over $464,850 |
2015 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$9,225 |
10% of the taxable amount |
$9,225 |
$37,450 |
$922.50 plus 15% of the excess over $9,225 |
$37,450 |
$75,600 |
$5,156.25 plus 25% of the excess over $37,450 |
$75,600 |
$115,225 |
$14,693.75 plus 28% of the excess over $75,600 |
$115,225 |
$205,750 |
$25,788.75 plus 33% of the excess over $115,225 |
$205,750 |
$232,425 |
$55,662 plus 35% of the excess over $205,750 |
Over $232,425 |
no limit |
$64,998.25 plus 39.6% of the excess over $232,425 |
2015 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$13,150 |
10% of the taxable amount |
$13,150 |
$50,200 |
$1,315 plus 15% of the excess over $13,150 |
$50,200 |
$129,600 |
$6,872.50 plus 25% of the excess over $50,200 |
$129,600 |
$209,850 |
$26,722.50 plus 28% of the excess over $129,600 |
$209,850 |
$411,500 |
$49,192.50 plus 33% of the excess over $209,850 |
$411,500 |
$439,000 |
$115,737 plus 35% of the excess over $411,500 |
$439,000 |
no limit |
$125,362 plus 39.6% of the excess over $439,000 |
2015 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
$0 |
$2,500 |
15% of the taxable income |
$2,500 |
$5,900 |
$375 plus 25% of the excess over $2,500 |
$5,900 |
$9,050 |
$1,225 plus 28% of the excess over $5,900 |
$9,050 |
$12,300 |
$2,107 plus 33% of the excess over $9,050 |
$12,300 |
no limit |
$3,179.50 plus 39.6% of the excess over $12,300 |
Social Security 2015 Tax Rates |
|
Base Salary |
$118,500 |
Social Security Tax Rate |
6.2% |
Maximum Social Security Tax |
$7,347.00 |
Medicare Base Salary |
unlimited |
Medicare Tax Rate |
1.45% |
Additional Medicare 2015 Tax Rates |
|
Additional Medicare Tax |
0.9% |
Filing status |
Compensation over |
Married filing jointly |
$250,000 |
Married filing separate |
$125,000 |
Single |
$200,000 |
Head of household (with qualifying person) |
$200,000 |
Qualifying widow(er) with dependent child |
$200,000 |
Education 2015 Credit and Deduction Limits |
|
American Opportunity Tax Credit |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2015 Tax Rates |
|
Personal Exemption (Adjusted Gross Income below $154,950) |
$4,000 |
Business Equipment Expense Deduction |
$500,000 |
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2014 tax liability |
Standard mileage rate for business driving |
57.5 cents |
Standard mileage rate for medical/moving driving |
23.0 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$1,000 per qualifying child |
Unearned income maximum for children before kiddie tax applies |
$1,050 |
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket |
15% |
Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
Capital gains tax rate on collectibles and qualified small business stock |
28% |
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $53,000 |
401(k) maximum employee contribution limit |
$18,000 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$5,430,000 |
Annual Exclusion for Gifts |
$14,000 |