Federal Income Tax Brackets and Rates
| Tax Rate | For Single Filers | For Married Inviduals | For Heads of Households |
|---|---|---|---|
10% |
$0 to $10,275 |
$0 to $20,550 |
$0 to $14,650 |
12% |
$10,275 to $41,775 |
$20,550 to $83,550 |
$14,650 to $55,900 |
22% |
$41,775 to $89,075 |
$83,550 to $178,150 |
$44,900 to $89,050 |
24% |
$89,075 to $170,050 |
$178,150 to $340,100 |
$89,050 to $170,050 |
32% |
$170,050 to $215,950 |
$340,100 to $431,900 |
$170,050 to $215,950 |
35% |
$215,950 to $539,900 |
$431,900 to $647,850 |
$215,950 to $539,900 |
37% |
$539,900 or more |
$647,850 or more |
$539,900 or more |
Estates & Trusts
| Tax Rate | Taxable Income |
|---|---|
10% |
$0 to $2,750 |
24% |
$2,750 to $9,850 |
35% |
$9,850 to $13,450 |
37% |
$13,450 or more |
Standard Deduction
| Filing Status | Deduction Amount |
|---|---|
Single |
$12,950 |
Married Filing Jointly |
$25,900 |
Head of Household |
$19,400 |
| Additional Deduction for over 65 or Blind | |
|---|---|
Single |
$1,750 |
Married |
$1,400 |
Capital Gains Tax Bracket
| For Unmarried Individuals, Taxable Income Over | For Married Individuals Filing Joint Returns, Taxable Income Over | For Heads of Households, Taxable Income Over | Estates & Trusts | |
|---|---|---|---|---|
0% |
$0 |
$0 |
$0 |
$0 |
15% |
$41,675 |
$83,350 |
$55,800 |
$2,000 |
20% |
$459,750 |
$517,200 |
$488,500 |
$13,700 |
| Retirement Plan Limits | |
|---|---|
IRA Contributions (Roth & Traditional) | |
Annual Limit |
$6,000 |
Catch-Up Contributions (ages 50+) |
$1,000 |
| 401k, 403b, Profit Sharing Plans | |
|---|---|
Annual Limit |
$20,500 |
Catch-Up Contributions (ages 50+) |
$6,500 |
| IRA Deduction Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint |
$109,000 |
$129,000 |
Married Filing Separate* |
– |
$10,000 |
Single/Head of Household |
$68,000 |
$78,000 |
| Roth IRA Contribution Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint |
$204,000 |
$214,000 |
Married Filing Separate* |
– |
$10,000 |
All Others |
$129,000 |
$144,000 |
*Married Filing Separate can use limits for “All Others” if they have not lived with their spouse in the past year.
| HSA Contribution Limits | |
|---|---|
Self-Only |
$3,650 |
Family |
$7,300 |
Catch-Up Contributions (ages 50+) |
$1,000 |
| Standard Mileage Rates | |
|---|---|
Business (1/1-6/30) |
62.5 cents/mile |
Business (7/1-12/31) |
65.5 cents/mile |
Charitable |
14 cents/mile |
Medical |
22 cents/mile |
| Annual Gifting Exclusion |
|---|
$16,000 |