• 2018 Tax Rates
    2017 Tax Rates
    2016 Tax Rates
    2015 Tax Rates
    2014 Tax Rates
    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