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Tax Rates

Estimated Tax Rates

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Estimated Income Tax Brackets and Rates

2017 Taxable Income Brackets and Rates (Estimate)
Rate Single Filers Married Joint Filers Head of Household Filers Married 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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Filing Requirements For Most Taxpayers

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

IF your filing status is. . . AND at the end of 2016
you were . . .
THEN file a return if your gross income was at least. . .
Single under 65 $10,450
65 or older $11,950
Head of household under 65 $13,400
65 or older $14,950
Married filing jointly under 65 (both spouses) $20,800
65 or older (one spouse) $22,050
65 or older (both spouses) $23,300
Married filing separately any 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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Earned Income Tax Credit

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)

2017 Earned Income Tax Credit Parameters (Estimate)
Filing Status No Children One Child Two Children Three or More Children
Single or Head of Household Income 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 Jointly Income 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 Status Deduction 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 Status Phaseout Begin Phaseout 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 Status Exemption Amount
Single  $54,300.00
Married Filing Jointly  $84,500.00
Married Filing Separately  $42,250.00
Trust & Estates  $24,100.00

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