Federal Income Tax Brackets and Rates
| Tax Rate | For Single Filers | For Married Inviduals | For Heads of Households |
|---|---|---|---|
10% | $0 to $11,600 | $0 to $23,200 | $0 to $16,550 |
12% | $11,600 to $47,150 | $23,200 to $94,300 | $16,550 to $63,100 |
22% | $47,150 to $100,525 | $94,300 to $201,050 | $63,100 to $100,500 |
24% | $100,525 to $191,950 | $201,050 to $383,900 | $100,500 to $191,950 |
32% | $191,950 to $243,725 | $383,900 to $487,450 | $191,950 to $243,700 |
35% | $243,725 to $609,350 | $487,450 to $731,200 | $243,700 to $690,350 |
37% | $690,350 or more | $731,200 or more | $690,350 or more |
Estates & Trusts
| Tax Rate | Taxable Income |
|---|---|
10% | $0 to $3,100 |
24% | $3,100 to $11,150 |
35% | $11,150 to $15,200 |
37% | $15,200 or more |
Standard Deduction
| Filing Status | Deduction Amount |
|---|---|
Single | $14,600 |
Married Filing Jointly | $29,200 |
Head of Household | $21,900 |
| Additional Deduction for over 65 or Blind | |
|---|---|
Single | $1,150 |
Married | $1,950 |
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% | $47,025 | $94,050 | $63,000 | $3,150 |
20% | $518,900 | $583,750 | $551,350 | $15,450 |
| Retirement Plan Limits | |
|---|---|
IRA Contributions (Roth & Traditional) | |
Annual Limit | $7,000 |
Catch-Up Contributions (ages 50+) | $1,000 |
| 401k, 403b, Profit Sharing Plans | |
|---|---|
Annual Limit | $23,000 |
Catch-Up Contributions (ages 50+) | $7,500 |
| IRA Deduction Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint | $123,000 | $143,000 |
Married Filing Separate* | - | $10,000 |
Single/Head of Household | $77,000 | $87,000 |
| Roth IRA Deduction Phase-Out | Starts | Ends |
|---|---|---|
Married Filing Joint | $230,000 | $240,000 |
Married Filing Separate* | - | $10,000 |
All Others | $146,000 | $161,000 |
*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 | $4,150 |
Family | $8,300 |
Catch-Up Contributions (ages 50+) | $1,000 |
| Standard Mileage Rates | |
|---|---|
Business | 67 cents/mile |
Charitable | 14 cents/mile |
Medical | 21 cents/mile |
| Annual Gifting Exclusion |
|---|
$17,000 |