Tax Rates

2019 Tax Rates

Single

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $9,700 10% of taxable income
$9,700 to $39,475 $970.00 + 12% of the amount over $9,700
$39,475 to $84,200 $4,543.00 + 22% of the amount over $39,475
$84,200 to $160,725 $14,382.50 + 24% of the amount over $84,200
$160,725 to $204,100 $32,748.50 + 32% of the amount over $160,725
$204,100 to $510,300 $46,628.50 + 35% of the amount over $204,100
Over $510,300 $153.798.50 + 37% of the amount over $510,300

Head of Household

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $13,850 10% of taxable income
$13,850 to $52,850 $1,385 + 12% of the amount over $13,850
$52,850 to $84,200 $6,065 + 22% of the amount over $52,850
$84,200 to $160,700 $12,962 + 24% of the amount over $84,200
$160,700 to $204,100 $31,322 + 32% of the amount over $160,700
$204,100 to $510,300 $45,210 + 35% of the amount over $204,100
Over $510,300 $152,380 + 37% of the amount over $510,300

Married Filing Jointly

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $19,400 10% of taxable income
$19,400 to $78,950 $1,940 + 12% of the amount over $19,400
$78,950 to $168,400 $9,086 + 22% of the amount over $78,950
$168,400 to $321,450 $28,765 + 24% of the amount over $168,400
$321,450 to $408,200 $65,497 + 32% of the amount over $321,450
$408,200 to $612,350 $93,257 + 35% of the amount over $408,200
Over $612,350 $164,709.50 + 37% of the amount over $612,350

Married Filing Separately

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $9,700 10% of taxable income
$9,700 to $39,475 $970.00 + 12% of the amount over $9,700
$39,475 to $84,200 $4,543.00 + 22% of the amount over $39,475
$84,200 to $160,725 $14,382.50 + 24% of the amount over $84,200
$160,725 to $204,100 $32,748.50 + 32% of the amount over $160,725
$204,100 to $306,175 $46,628.50 + 35% of the amount over $204,100
Over $306,175 $82,354.75 + 37% of the amount over $306,175

 

Standard Mileage Rate

USE RATE
Business 58 cents
Medical Care or Move 20 cents
Charitable 14 cents

2018 Tax Rates

Single

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $9,525 10% of taxable income
$9,525 to $38,700 $952.50 + 12% of the amount over $9,525
$38,700 to $82,500 $4,453.50 + 22% of the amount over $38,700
$82,500 to $157,500 $14,089.50 + 24% of the amount over $82,500
$157,500 to $200,000 $32,089.50 + 32% of the amount over $157,500
$200,000 to $500,000 $45,689.50 + 35% of the amount over $200,000
Over $500,000 $150.689.50 + 37% of the amount over $500,000

Head of Household

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $13,600 10% of taxable income
$13,600 to $51,800 $1,360 + 16% of the amount over $13,600
$51,800 to $82,500 $5,944 + 22% of the amount over $51,800
$82,500 to $157,500 $12,698 + 24% of the amount over $82,500
$157,500 to $200,000 $30,698 + 32% of the amount over $157,500
$200,000 to $500,000 $44,298 + 35% of the amount over $200,000
Over $500,000 $149,298 + 37% of the amount over $500,000

Married Filing Jointly

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $19,050 10% of taxable income
$19,050 to $77,400 $1,905 + 12% of the amount over $19,050
$77,400 to $165,000 $8,907 + 22% of the amount over $77,400
$165,000 to $315,000 $28,179 + 24% of the amount over $165,000
$315,000 to $400,000 $64,179 + 32% of the amount over $315,000
$400,000 to $600,000 $91,379 + 35% of the amount over $400,000
Over $600,000 $161,379 + 37% of the amount over $600,000

Married Filing Separately

IF TAXABLE INCOME IS: THE TAX IS:
$0 to $9,525 10% of taxable income
$9,525 to $38,700 $952.50 + 12% of the amount over $9,525
$38,700 to $82,500 $4,453.50 + 22% of the amount over $38,700
$82,500 to $157,500 $14,089.50 + 24% of the amount over $82,500
$157,500 to $200,000 $32,089.50 + 32% of the amount over $157,500
$200,000 to $300,000 $45,689.50 + 35% of the amount over $200,000
Over $300,000 $80,689.50 + 37% of the amount over $300,000

 

Standard Mileage Rate

USE RATE
Business 54.5 cents
Medical Care or Move 18 cents
Charitable 14 cents

Additional Tax Rates:

Estates & Trusts

2016 Tax Rates

0 to $2,550

15%

$2,550 to $5,950

25%

$5,950 to $9,050

28%

$9,050 to $12,400

33%

Over $12,400

39.6%

Social Security

2016 Tax Rates

Social Security Tax Rate: Employers

6.2%

Social Security Tax Rate: Employees

6.2%

Social Security Tax Rate: Self-Employed

12.4%

Maximum Taxable Earnings

$118,500

Medicare Base Salary

Unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

0.9%

Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)

3.8%

Miscellaneous

2016 Tax Rates

Personal Exemption $4,050

Business expensing limit: Cap on equipment purchases

$2,000,000

Business expensing limit: New and Used Equipment and Software

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2016 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

Unearned income maximum for children under 19 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 above the 15% bracket but below the 39.6% 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

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 eligible compensation
up to $53,000

401(k) maximum employee contribution limit

$18,000 if under age 50
$24,000 if 50 or older

Estate tax exemption

$5,450,000

Annual Exclusion for Gifts

$14,000

Education

2016 Tax Rates

American Opportunity Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Meal Rates for Family Child Care Providers for 2015 income tax returns

Continental U.S.

2015 Tax Rates

For each breakfast

$1.66

For each lunch or supper

$3.07

For each snack (up to 3 per day for each child)

$0.84

Alaska

2015 Tax Rates

For each breakfast

$2.66

For each lunch or supper

$4.99

For each snack (up to 3 per day for each child)

$1.37

Hawaii

2015 Tax Rates

For each breakfast

$1.94

For each lunch or supper

$3.60

For each snack (up to 3 per day for each child)

$0.99