Tax Rates

2017 Tax Rates – Single Taxpayers – Standard Deduction $6,350
10% 0 to $9,325
15% $9,325 to $37,950
25% $37,950 to $91,900
28% $91,900 to $191,650
33% $191,650 to $416,700
35% $416,700 to $418,400
39.6% Over $418,400
2017 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $12,700
10% 0 to $18,650
15% $18,650 to $75,900
25% $75,900 to $153,100
28% $153,100 to $233,350
33% $233,350 to $416,700
35% $416,700 to $470,700
39.6% Over $470,700
2017 Tax Rates – Married Filing Separately – Standard Deduction $6,350
10% 0 to $9,325
15% $9,325 to $37,950
25% $37,950 to $76,550
28% $76,550 to $116,675
33% $116,675 to $208,350
35% $208,350 to $235,350
39.6% Over $235,350
2017 Tax Rates – Head of Household – Standard Deduction $9,350
10% 0 to $13,350
15% $13,350 to $50,800
25% $50,800 to $131,200
28% $131,200 to $212,500
33% $212,500 to $416,700
35% $416,700 to $444,550
39.6% Over $444,550
2017 Tax Rates – Estates & Trusts
15% 0 to $2,550
25% $2,550 to $6,000
28% $6,000 to $9,150
33% $9,150 to $12,500
39.6% Over $12,500

 

2018 Tax Rates – Single Taxpayers – Standard Deduction $12,000
10% 0 to $9,525
12% $9,525 to $38,700
22% $38,700 to $82,500
24% $82,500 to $157,50
32% $1157,500 to $200,000
35% $200,000 to $500,000
37% Over $500,00
2018 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $24,000
10% 0 to $19,050
12% $19,050 to $77,400
22% $77,400 to $165,000
24% $165,000 to $315,000
32% $315,000 to $400,000
35% $400,000 to $600,000
37% Over $600,000
2018 Tax Rates – Married Filing Separately 
2018 Tax Rates – Head of Household 
2018 Tax Rates – Estates & Trusts

 

Social Security 2017 Tax Rates
Social Security Tax Rate: Employers 6.2%
Social Security Tax Rate: Employees 6.2%
Social Security Tax Rate: Self-Employed (SS & Medicare) 15.3%
Maximum Taxable Earnings $127,200
Medicare Base Salary Unlimited
Medicare Tax Rate 1.45%

 

Miscellaneous 2017 Tax Rates
Personal Exemption (subject to phase-out at certain adjusted gross incomes) $4,050
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
Unearned income maximum for children under 19 before kiddie tax applies $1,050
Maximum long-term capital gains tax rate for taxpayers in the 10% or 15% bracket 0%
Maximum long-term capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket 15%
Maximum long-term capital gains tax rate for taxpayers in the 39.6% bracket 20%
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 eligible compensation
up to $54,000
401(k) maximum employee contribution limit $18,000 if under age 50
$24,000 if 50 or older
Estate tax exemption $5,490,000
Annual Exclusion for Gifts $14,000