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 |