Federal Income Tax Brackets and Rates
| Tax Rate | For Single Filers | For Married Inviduals | For Heads of Households |
|---|---|---|---|
10% | $0 to $11,000 | $0 to $22,000 | $0 to $15,700 |
12% | $11,000 to $44,725 | $22,000 to $89,450 | $15,700 to $59,850 |
22% | $44,725 to $95,375 | $89,450 to $190,750 | $59,850 to $95,350 |
24% | $95,375 to $182,100 | $190,750 to $364,200 | $95,350 to $182,100 |
32% | $182,100 to $231,250 | $364,200 to $462,500 | $182,100 to $231,250 |
35% | $231,250 to $578,125 | $462,500 to $693,750 | $231,250 to $578,100 |
37% | $578,125 or more | $693,750 or more | $578,100 or more |
Estates & Trusts
| Tax Rate | Taxable Income |
|---|---|
10% | $0 to $2,900 |
24% | $2,900 to $10,550 |
35% | $10,550 to $14,450 |
37% | $14,450 or more |
Standard Deduction
| Filing Status | Deduction Amount |
|---|---|
Single | $13,850 |
Married Filing Jointly | $27,700 |
Head of Household | $20,800 |
| Additional Deduction for over 65 or Blind | |
|---|---|
Single | $1,850 |
Married | $1,500 |
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% | $44,625 | $89,250 | $59,750 | $3,000 |
20% | $492,300 | $553,850 | $523,050 | $14,650 |
| Retirement Plan Limits (IRA or Roth IRA) | |
|---|---|
Annual Limit | $6,500 |
Catch-Up Contributions (ages 50+) | $1,000 |
| 401k, 403b, Profit Sharing Plans | |
|---|---|
Annual Limit | $22,500 |
Catch-Up Contributions (ages 50+) | $7,500 |
| IRA Deduction Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint | $116,000 | $136,000 |
Married Filing Separate* | - | $10,000 |
Single/Head of Household | $73,000 | $83,000 |
| Roth IRA Deduction Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint | $218,000 | $228,000 |
Married Filing Separate* | - | $10,000 |
All Others | $138,000 | $153,000 |
*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 | $3,850 |
Family | $7,750 |
Catch-Up Contributions (ages 50+) | $1,000 |
| Standard Mileage Rates | |
|---|---|
Business | 65.5 cents/mile |
Charitable | 14 cents/mile |
Medical | 22 cents/mile |
| Annual Gifting Exclusion |
|---|
$16,000 |