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Tax Rates

Estimated Tax Rates

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Estimated Income Tax Brackets and Rates

2016 Taxable Income Brackets and Rates (Estimate)
Rate Single Filers Married Joint Filers Head of Household Filers

10%

$0 to $9,275 $0 to $18,550 $0 to $13,250

15%

$9,275 to $37,650 $18,550 to $75,300 $13,250 to $50,400

25%

$37,650 to $91,150 $75,300 to $151,900 $50,400 to $130,150

28%

$91,150 to $190,150 $151,900 to $231,450 $130,150 to $210,800

33%

$190,150 to $413,350 $231,450 to $413,350 $210,800 to $413,350

35%

$413,350 to $415,050 $413,350 to $466,950 $413,350 to $441,000

39.6%

$415,050+ $466,950+ $441,000+

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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 $10,350
65 or older $11,900
Head of household under 65 $13,350
65 or older $14,900
Married filing jointly under 65 (both spouses) $20,700
65 or older (one spouse) $21,950
65 or older (both spouses) $23,200
Married filing separately any age (if your spouse itemizes deductions) $4,050
Qualifying widow(er)
with dependent child
under 65 $16,650
65 or older $17,900

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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)

2016 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

$6,610

$9,920

$13,930

$13,930

Maximum Credit

$506

$3,373

$5,572

$6,269

Phaseout Begins

$8,270

$18,190

$18,190

$18,190

Phaseout Ends (Credit Equals Zero)

$14,880

$39,296

$44,648

$47,955

Married Filing Jointly Income at Max Credit

$6,610

$9,920

$13,930

$13,930

Maximum Credit

$506

$3,373

$5,572

$6,268

Phaseout Begins

$13,810

$23,730

$23,730

$23,730

Phaseout Ends (Credit Equals Zero)

$20,420

$44,846

$50,198

$53,505

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Standard Deduction and Personal Exemption

2016 Standard Deduction and Personal Exemption (Estimate)
Filing Status Deduction Amount
Single  $6,300.00
Married Filing Jointly  $12,600.00
Head of Household  $9,300.00
Personal Exemption  $4,050.00

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PEP and Pease

2016 Personal Exemption Phaseout (Estimate)
Filing Status Phaseout Begin Phaseout Complete
Single  $259,400.00  $381,900.00
Married Filing Jointly  $311,300.00  $433,800.00
Head of Household  $285,350.00  $407,850.00

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Alternative Minimum Tax

2016 Alternative Minimum Tax Exemptions (Estimate)
Filing Status Exemption Amount
Single  $53,900.00
Married Filing Jointly  $83,800.00
Married Filing Separately  $41,900.00

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