Q2 Payroll Reporting Deadline

Days
Hours
Minutes
Seconds

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

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