Tax Info - 2017

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 Blink 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%