Tax Rates

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Estimated Income Tax Brackets and Rates

2017 Taxable Income Brackets and Rates (Estimate)
RateSingle FilersMarried Joint FilersHead of Household FilersMarried Separate Filers

10%

$0 to $9,325$0 to $18,650$0 to $13,350$0 to $9,325

15%

$9,326 to $37,950$18,651 to $75,900$13,351 to $50,800$9,326 to $37,950

25%

$37,951 to $91,900$75,901 to $153,100$50,801 to $131,200$37,351 to $76,550

28%

$91,901 to $191,650$153,101 to $233,350$131,201 to $212,500$76,551 to $116,675

33%

$191,651 to $416,700$233,351 to $416,700$212,501 to $416,700$116,676 to $208,350

35%

$416,701 to $418,400$416,701 to $470,700$416,701 to $444,550$208,351 to $235,350

39.6%

$418,401+$470,701+$444,551+$235,351+

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Note. You must file a return if your gross income was at least the amount shown in the last column.

Filing Requirements For Most Taxpayers

IF your filing status is. . .AND at the end of 2016
you were . . .
THEN file a return if your gross income was at least. . .
Singleunder 65$10,450
65 or older$11,950
Head of householdunder 65$13,400
65 or older$14,950
Married filing jointlyunder 65 (both spouses)$20,800
65 or older (one spouse)$22,050
65 or older (both spouses)$23,300
Married filing separatelyany age (if your spouse itemizes deductions)$4,050
Qualifying widow(er)
with dependent child
under 65$16,750
65 or older$18,000

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NEW LAW! Beginning in 2017, if you claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) on your tax return, the IRS must hold your refund until at least February 15.  (Click for more details)

Earned Income Tax Credit

2017 Earned Income Tax Credit Parameters (Estimate)
Filing Status No ChildrenOne ChildTwo ChildrenThree or More Children
Single or Head of HouseholdIncome at Max Credit

$6,670

$10,000

$14,040

$14,040

 Maximum Credit

$510

$3,400

$5,616

$6,318

 Phaseout Begins

$8,340

$18,340

$18,340

$18,340

 Phaseout Ends (Credit Equals Zero)

$15,010

$39,617

$45,007

$48,340

      
Married Filing JointlyIncome at Max Credit

$6,670

$10,000

$14,040

$14,040

 Maximum Credit

$510

$3,400

$5,616

$6,318

 Phaseout Begins

$13,930

$23,930

$23,930

$23,930

 Phaseout Ends (Credit Equals Zero)

$20,600

$45,207

$50,597

$53,930

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Standard Deduction and Personal Exemption

2017 Standard Deduction and Personal Exemption (Estimate)
Filing StatusDeduction Amount
Single $6,350.00
Married Filing Jointly $12,700.00
Head of Household $9,350.00
Married Filing Separately $6,350.00
Personal Exemption $4,050.00

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PEP and Pease

2017 Personal Exemption Phaseout (Estimate)
Filing StatusPhaseout BeginPhaseout Complete
Single $261,500.00 $384,000.00
Married Filing Jointly $313,800.00 $436,300.00
Head of Household $287,650.00 $410,150.00
Married Filing Separately $156,900.00 $218,150.00

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Alternative Minimum Tax

2017 Alternative Minimum Tax Exemptions (Estimate)
Filing StatusExemption Amount
Single $54,300.00
Married Filing Jointly $84,500.00
Married Filing Separately $42,250.00
Trust & Estates $24,100.00