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TAX RATES

2017 Tax Rates Schedule X - Single

If taxable income is over

But not over

The tax is

$0

$9,325

$37,950

$91,900

$191,650

$416,700

Over $418,400

$9,325

$37,950

$91,900

$191,650

$416,700

$418,400

no limit

10% of the taxable amount

$932.50 plus 15% of the excess over $9,325

$5,226.25 plus 25% of the excess over $37,950

$18,713.75 plus 28% of the excess over $91,900

$46,643.75 plus 33% of the excess over $191,650

$120,910.25 plus 35% of the excess over $416,700

$121,505.25 plus 39.6% of the excess over $418,400

2017 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0

$18,650

$75,900

$153,100

$233,350

$416,700

$470,700

$18,650

$75,900

$153,100

$233,350

$416,700

$470,700

no limit

10% of the taxable amount

$1,865 plus 15% of the excess over $18,650

$10,452.50 plus 25% of the excess over $75,900

$29,752.50 plus 28% of the excess over $153,100

$52,222.50 plus 33% of the excess over $233,350

$112,728 plus 35% of the excess over $416,700

$131,628 plus 39.6% of the excess over $470,700

2017 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over

But not over

The tax is

$0

$9,325

$37,950

$76,550

$116,675

$208,350

Over $235,350

$9,325

$37,950

$76,550

$116,675

$208,350

$235,350

no limit

10% of the taxable amount

$932.50 plus 15% of the excess over $9,325

$5,226.25 plus 25% of the excess over $37,950

$14,876.25 plus 28% of the excess over $76,550

$26,111.25 plus 33% of the excess over $116,675

$56,364 plus 35% of the excess over $208,350

$65,814 plus 39.6% of the excess over $235,350

2017 Tax Rates Schedule Z - Head of Household

If taxable income is over

But not over

The tax is

$0

$13,350

$50,800

$131,200

$212,500

$416,700

$444,550

$13,350

$50,800

$131,200

$212,500

$416,700

$444,550

no limit

10% of the taxable amount

$1,335 plus 15% of the excess over $13,350

$6,952.50 plus 25% of the excess over $50,800

$27,052.50 plus 28% of the excess over $131,200

$49,816.50 plus 33% of the excess over $212,500

$117,202.50 plus 35% of the excess over $416,700

$126,950 plus 39.6% of the excess over $444,550

2017 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0

$2,550

$6,000

$9,150

$12,500

$2,550

$6,000

$9,150

$12,500

no limit

15% of the taxable income

$382.50 plus 25% of the excess over $2,550

$1,245 plus 28% of the excess over $6,000

$2,127 plus 33% of the excess over $9,150

$3,232.50 plus 39.6% of the excess over $12,500

Social Security 2017 Tax Rates

Base Salary

Social Security Tax Rate

Maximum Social Security Tax

Medicare Base Salary

Medicare Tax Rate

$127,200

6.2%

$7,886.40

unlimited

1.45%

Additional Medicare 2017 Tax Rates

Additional Medicare Tax

Filing status

Married filing jointly

Married filing separate

Single

Head of household (with qualifying person)

Qualifying widow(er) with dependent child

0.9%

Compensation over

$250,000

$125,000

$200,000

$200,000

$200,000

Education 2017 Credit and Deduction Limits

American Opportunity Tax Credit (Hope)

Lifetime Learning Credit

Student Loan Interest Deduction

Coverdell Education Savings Contribution

$2,500

$2,000

$2,500

$2,000

Miscellaneous 2017 Tax Rates

Personal Exemption (Adjusted Gross Income below $156,900)

Business Equipment Expense Deduction

Prior-year safe harbor for estimated taxes of higher-income

Standard mileage rate for business driving

Standard mileage rate for medical/moving driving

Standard mileage rate for charitable driving

Child Tax Credit

Unearned income maximum for children before kiddie tax applies

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

Capital gains tax rate for unrecaptured Sec. 1250 gains

Capital gains tax rate on collectibles and qualified small business stock

Maximum contribution for Traditional/Roth IRA

Maximum employee contribution to SIMPLE IRA

Maximum Contribution to SEP IRA

401(k) maximum employee contribution limit

Self-employed health insurance deduction

Estate tax exemption

Annual Exclusion for Gifts

Foreign Earned Income Exclusion

$4,050

$510,000

110% of your 2016 tax liability

53.5 cents

17 cents

14 cents

$1,000 per qualifying child

$1,050

0%

15%

​

20%

25%

28%

$5,500 if under age 50 - $6,500 if 50 or older

$12,500 if under age 50 - $15,500 if 50 or older

25% of compensation up to $54,000

$18,000 if under age 50 - $24,000 if 50 or older

100%

$5,490,000

$14,000

$102,100

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