Tax Rates

/Tax Rates
Tax Rates 2018-01-26T15:43:25+00:00

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:
  • Married filing jointly or Qualifying Widow(er)
$24,000
  • Head of household
$18,000
  • Sinlge or Married filling separately
$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
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $12,500 if under age 50
$15,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $55,000
401(k) maximum employee contribution limit $18,500 if under age 50
$24,000 if 50 or older
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
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $12,500 if under age 50
$15,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $54,000
401(k) maximum employee contribution limit $18,000 if under age 50
$24,000 if 50 or older
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
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $12,500 if under age 50
$15,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $53,000
401(k) maximum employee contribution limit $18,000 if under age 50
$24,000 if 50 or older
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
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $12,500 if under age 50
$15,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $53,000
401(k) maximum employee contribution limit $18,000 if under age 50
$24,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $5,430,000
Annual Exclusion for Gifts $14,000