Marginal Ordinary Income Tax Rates
Single
| Rate | From | To |
|---|---|---|
| 10% | 0 | 9,325 |
| 15% | 9,326 | 37,950 |
| 25% | 37,951 | 91,900 |
| 28% | 91,901 | 190,650 |
| 33% | 190,651 | 416,700 |
| 35% | 416,701 | 418,400 |
| 39.6% | 418,401 |
Head of Household
| Rate | From | To |
|---|---|---|
| 10% | 0 | 13,350 |
| 15% | 13,351 | 50,800 |
| 25% | 50,801 | 131,200 |
| 28% | 131,201 | 212,500 |
| 33% | 212,501 | 416,700 |
| 35% | 416,701 | 444,500 |
| 39.6% | 444,501 |
Married Filing Jointly & Qualifying Widow(er)
| Rate | From | To |
|---|---|---|
| 10% | 0 | 18,650 |
| 15% | 18,651 | 75,900 |
| 25% | 75,901 | 153,100 |
| 28% | 153,101 | 233,350 |
| 33% | 233,351 | 416,700 |
| 35% | 416,701 | 470,700 |
| 39.6% | 470,701 |
Married Filing Separately
| 10% | 0 | 9,325 |
| 15% | 9,325 | 37,950 |
| 25% | 37,951 | 76,550 |
| 28% | 76,551 | 116,675 |
| 33% | 116,676 | 208,350 |
| 35% | 208,351 | 235,350 |
| 39.6% | 235,351 |
Standard Deduction
Filing Status
Amount
Single
$6,350
Head of Household
$9,350
Married Filing Joint/Qualifying Widow(er)
$12,700
Marrifed Filing Separate
$6,350
Additional Standard Deduction if Blind or Age 65+
Amount
Single
$1,550
Head of Household
$1,550
Married Filing Joint/Qualifying Widow(er)
$1,250
Marrifed Filing Separate
$1,250
Standard Deduction For Dependents
Amount
Regular Amount
$1,050
Maximum amount earned plus $350 up to allowed standard deduction based upon filing status
Personal Exemptions
For 2017, the personal is $4,050. Note: If someone can claim you as a dependent, you cannot claim your personal exemption.
Phaseout of Personal Exemptions for 2017
Filing Status
Phaseout Begins
Phaseout Ends
Married Filing Joint
313,800
436,300
Qualifying Widow(er)
313,800
436,300
Head of Household
287,650
410,150
Single
261,500
384,000
Married Filing Separately
156,900
218,150
Child Tax Credit
The child tax credit is $1,000 per qualifying child. The credit begins to phase-out at modified adjusted income of $110,000 for married filing joint,
$75,000 for single, head of household or qualifying widow(er), and $55,000 for married filing separately.
Capital Gains - Long Term and Short Term
Type of Asset
Short-Term Tax Rate
Long-Term Tax Rate
Net Investment Income Tax (NIIT)
Collectibles
Ordinary Tax Rates
28%
Potential 3.8%
Depreciation Recapture
Ordinary Tax Rates
25%
Potential 3.8%
Qualified Small Bus Stock
Ordinary Tax Rates
28% after exclusion
Potential 3.8%
Other Capital Assets
Ordinary Tax Rates
0%, 15% or 20%
Potential 3.8%
0%
0%
15%
0%
25%
15%
28%
15%
33%
15%
Potential 3.8%
35%
15%
Potential 3.8%
39.6%
20%
Potential 3.8%