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 |