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 |
$500,000 |
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 |