Tax Rates

2016 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 $444,500
39.6% Over $444,500

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

Social Security

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 15.3%
Maximum Taxable Earnings $127,200
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

Miscellaneous 2017 Tax Rates
Personal Exemption $4,050
Business expensing limit: Cap on equipment purchases $2,030,000
Business expensing limit: New and Used Equipment and Software $510,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2017 tax liability
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 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 $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

 

Education

Education 2017 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 2017 income tax returns

Continental U.S. 2016-17 Tax Rates
For each breakfast $1.31
For each lunch or supper $2.46
For each snack (up to 3 per day for each child) $0.73

 

Alaska 2016-17 Tax Rates
For each breakfast $2.09
For each lunch or supper $3.99
For each snack (up to 3 per day for each child) $1.19

 

Hawaii 2016-17 Tax Rates
For each breakfast $1.53
For each lunch or supper $2.88
For each snack (up to 3 per day for each child) $0.86