Tax Rates
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10% |
0 to $9,325 |
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15% |
$9,325 to $37,950 |
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25% |
$37,950 to $91,900 |
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28% |
$91,900 to $191,650 |
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33% |
$191,650 to $416,700 |
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35% |
$416,700 to $418,400 |
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39.6% |
Over $418,400 |
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2017 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $12,700 |
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10% |
0 to $18,650 |
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15% |
$18,650 to $75,900 |
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25% |
$75,900 to $153,100 |
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28% |
$153,100 to $233,350 |
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33% |
$233,350 to $416,700 |
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35% |
$416,700 to $470,700 |
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39.6% |
Over $470,700 |
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2017 Tax Rates – Married Filing Separately – Standard Deduction $6,350 |
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10% |
0 to $9,325 |
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15% |
$9,325 to $37,950 |
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25% |
$37,950 to $76,550 |
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28% |
$76,550 to $116,675 |
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33% |
$116,675 to $208,350 |
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35% |
$208,350 to $235,350 |
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39.6% |
Over $235,350 |
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2017 Tax Rates – Head of Household – Standard Deduction $9,350 |
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10% |
0 to $13,350 |
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15% |
$13,350 to $50,800 |
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25% |
$50,800 to $131,200 |
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28% |
$131,200 to $212,500 |
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33% |
$212,500 to $416,700 |
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35% |
$416,700 to $444,500 |
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39.6% |
Over $444,500 |
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2017 Tax Rates – Estates & Trusts |
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15% |
0 to $2,550 |
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25% |
$2,550 to $6,000 |
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28% |
$6,000 to $9,150 |
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33% |
$9,150 to $12,500 |
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39.6% |
Over $12,500 |
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Social Security |
2017 Tax Rates |
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Social Security Tax Rate: Employers |
6.2% |
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Social Security Tax Rate: Employees |
6.2% |
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Social Security Tax Rate: Self-Employed |
15.3% |
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Maximum Taxable Earnings |
$127,200 |
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Medicare Base Salary |
Unlimited |
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Medicare Tax Rate |
1.45% |
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Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
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Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
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Miscellaneous |
2017 Tax Rates |
| Personal Exemption | $4,050 |
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Business expensing limit: Cap on equipment purchases |
$2,030,000 |
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Business expensing limit: New and Used Equipment and Software |
$510,000 |
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Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2017 tax liability |
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Standard mileage rate for business driving |
53.5 cents |
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Standard mileage rate for medical/moving driving |
17 cents |
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Standard mileage rate for charitable driving |
14 cents |
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Child Tax Credit |
$1,000 |
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Unearned income maximum for children under 19 before kiddie tax applies |
$1,050 |
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Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
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Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
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Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
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Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
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Capital gains tax rate on collectibles |
28% |
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Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
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Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50 |
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Maximum Contribution to SEP IRA |
25% of eligible compensation |
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401(k) maximum employee contribution limit |
$18,000 if under age 50 |
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Estate tax exemption |
$5,490,000 |
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Annual Exclusion for Gifts |
$14,000 |
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Education |
2017 Tax Rates |
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American Opportunity Credit (Hope) |
$2,500 |
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Lifetime Learning Credit |
$2,000 |
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Student Loan Interest Deduction |
$2,500 |
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Coverdell Education Savings Contribution |
$2,000 |
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Standard Meal Rates for Family Child Care Providers for 2017 income tax returns |
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Continental U.S. |
2016-17 Tax Rates |
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For each breakfast |
$1.31 |
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For each lunch or supper |
$2.46 |
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For each snack (up to 3 per day for each child) |
$0.73 |
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Alaska |
2016-17 Tax Rates |
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For each breakfast |
$2.09 |
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For each lunch or supper |
$3.99 |
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For each snack (up to 3 per day for each child) |
$1.19 |
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Hawaii |
2016-17 Tax Rates |
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For each breakfast |
$1.53 |
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For each lunch or supper |
$2.88 |
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For each snack (up to 3 per day for each child) |
$0.86 |
