2016 Tax Rates Schedule X – Single
| If taxable income is over | But not over | The Tax is |
|---|---|---|
| $0 | $9,275 | 10% of the taxable amount |
| $9,275 | $37,650 | $927.50 plus 15% of the excess over $9,275 |
| $37,650 | $91,150 | $5,183.75 plus 25% of the excess over $37,650 |
| $91,150 | $190,150 | $18,558.75 plus 28% of the excess over $91,150 |
| $190,150 | $413,350 | $46,278.75 plus 33% of the excess over $190,150 |
| $413,350 | $415,050 | $119,934.75 plus 35% of the excess over $413,350 |
| Over $415,050 | no limit | $120,529.75 plus 39.6% of the excess over $415,050 |
2016 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $18,550 | 10% of the taxable amount |
| $18,550 | $75,300 | $1,855 plus 15% of the excess over $18,550 |
| $75,300 | $151,900 | $10,367.50 plus 25% of the excess over $75,300 |
| $151,900 | $231,450 | $29,517.50 plus 28% of the excess over $151,900 |
| $231,450 | $413,350 | $51,791.50 plus 33% of the excess over $231,450 |
| $413,350 | $466,950 | $111,818.50 plus 35% of the excess over $413,350 |
| $466,950 | no limit | $130,578.50 plus 39.6% of the excess over $466,950 |
2016 Tax Rates Schedule Y-2 – Married Filing Separately
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $9,275 | 10% of the taxable amount |
| $9,275 | $37,650 | $927.50 plus 15% of the excess over $9,275 |
| $37,650 | $75,950 | $5,183.75 plus 25% of the excess over $37,650 |
| $75,950 | $115,725 | $14,758.75 plus 28% of the excess over $75,950 |
| $115,725 | $206,675 | $25,895.75 plus 33% of the excess over $115,725 |
| $206,675 | $233,475 | $55,909.25 plus 35% of the excess over $206,675 |
| Over $233,475 | no limit | $65,289.25 plus 39.6% of the excess over $233,475 |
2016 Tax Rates Schedule Z – Head of Household
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $13,250 | 10% of the taxable amount |
| $13,250 | $50,400 | $1,325 plus 15% of the excess over $13,250 |
| $50,400 | $130,150 | $6,897.50 plus 25% of the excess over $50,400 |
| $130,150 | $210,800 | $26,835 plus 28% of the excess over $130,150 |
| $210,800 | $413,350 | $49,417 plus 33% of the excess over $210,800 |
| $413,350 | $441,000 | $116,258.50 plus 35% of the excess over $413,350 |
| $441,000 | no limit | $125,936 plus 39.6% of the excess over $441,000 |
2016 Tax Rates Estates & Trusts
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $2,550 | 15% of the taxable income |
| $2,550 | $5,950 | $382.50 plus 25% of the excess over $2,550 |
| $5,950 | $9,050 | $1,232.50 plus 28% of the excess over $5,950 |
| $9,050 | $12,400 | $2,100.50 plus 33% of the excess over $9,050 |
| $12,400 | no limit | $3,206 plus 39.6% of the excess over $12,400 |
Social Security 2016 Tax Rates
| Base Salary | $118,500 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,347.00 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2016 Tax Rates
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2016 Credit and Deduction Limits
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2016 Tax Rates
| Personal Exemption (Adjusted Gross Income below $155,650) | $4,050 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2015 tax liability |
| Standard mileage rate for business driving | 54 cents |
| Standard mileage rate for medical/moving driving | 19 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,050 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket | 15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles and qualified small business stock | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,500 if under age 50 $15,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $53,000 |
| 401(k) maximum employee contribution limit | $18,000 if under age 50 $24,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,450,000 |
| Annual Exclusion for Gifts | $14,000 |
| Foreign Earned Income Exclusion | $101,300 |
2015 Tax Rates Schedule X – Single
| If taxable income is over | But not over | The Tax is |
|---|---|---|
| $0 | $9,225 | 10% of the taxable amount |
| $9,225 | $37,450 | $922.50 plus 15% of the excess over $9,225 |
| $37,450 | $90,750 | $5,156.25 plus 25% of the excess over $37,450 |
| $90,750 | $189,300 | $18,481.25 plus 28% of the excess over $90,750 |
| $189,300 | $411,500 | $46,075.25 plus 33% of the excess over $189,300 |
| $411,500 | $413,200 | $119,401.25 plus 35% of the excess over $411,500 |
| Over $413,200 | no limit | $119,996.25 plus 39.6% of the excess over $413,200 |
2015 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $18,450 | 10% of the taxable amount |
| $18,450 | $74,900 | $1,845 plus 15% of the excess over $18,450 |
| $74,900 | $151,200 | $10,312.50 plus 25% of the excess over $74,900 |
| $151,200 | $230,450 | $29,387.50 plus 28% of the excess over $151,200 |
| $230,450 | $411,500 | $51,577.50 plus 33% of the excess over $230,450 |
| $411,500 | $464,850 | $111,324 plus 35% of the excess over $411,500 |
| $464,850 | no limit | $129,996.50 plus 39.6% of the excess over $464,850 |
2015 Tax Rates Schedule Y-2 – Married Filing Separately
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $9,225 | 10% of the taxable amount |
| $9,225 | $37,450 | $922.50 plus 15% of the excess over $9,225 |
| $37,450 | $75,600 | $5,156.25 plus 25% of the excess over $37,450 |
| $75,600 | $115,225 | $14,693.75 plus 28% of the excess over $75,600 |
| $115,225 | $205,750 | $25,788.75 plus 33% of the excess over $115,225 |
| $205,750 | $232,425 | $55,662 plus 35% of the excess over $205,750 |
| Over $232,425 | no limit | $64,998.25 plus 39.6% of the excess over $232,425 |
2015 Tax Rates Schedule Z – Head of Household
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $13,150 | 10% of the taxable amount |
| $13,150 | $50,200 | $1,315 plus 15% of the excess over $13,150 |
| $50,200 | $129,600 | $6,872.50 plus 25% of the excess over $50,200 |
| $129,600 | $209,850 | $26,722.50 plus 28% of the excess over $129,600 |
| $209,850 | $411,500 | $49,192.50 plus 33% of the excess over $209,850 |
| $411,500 | $439,000 | $115,737 plus 35% of the excess over $411,500 |
| $439,000 | no limit | $125,362 plus 39.6% of the excess over $439,000 |
2015 Tax Rates Estates & Trusts
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $2,500 | 15% of the taxable income |
| $2,500 | $5,900 | $375 plus 25% of the excess over $2,500 |
| $5,900 | $9,050 | $1,225 plus 28% of the excess over $5,900 |
| $9,050 | $12,300 | $2,107 plus 33% of the excess over $9,050 |
| $12,300 | no limit | $3,179.50 plus 39.6% of the excess over $12,300 |
Social Security 2015 Tax Rates
| Base Salary | $118,500 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,347.00 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2015 Tax Rates
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2015 Credit and Deduction Limits
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2015 Tax Rates
| Personal Exemption (Adjusted Gross Income below $154,950) | $4,000 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2014 tax liability |
| Standard mileage rate for business driving | 57.5 cents |
| Standard mileage rate for medical/moving driving | 23 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,050 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket | 15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles and qualified small business stock | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,500 if under age 50 $15,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $53,000 |
| 401(k) maximum employee contribution limit | $18,000 if under age 50 $24,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,430,000 |
| Annual Exclusion for Gifts | $14,000 |
2014 Tax Rates Schedule X – Single
| If taxable income is over | But not over | The Tax is |
|---|---|---|
| $0 | $9,075 | 10% of the taxable amount |
| $9,075 | $36,900 | $907.50 plus 15% of the excess over $9,075 |
| $36,900 | $89,350 | $5,081.25 plus 25% of the excess over $36,900 |
| $89,350 | $186,350 | $18,193.75 plus 28% of the excess over $89,350 |
| $186,350 | $405,100 | $45,353.75 plus 33% of the excess over $186,350 |
| $405,100 | $406,750 | $117,541.25 plus 35% of the excess over $405,100 |
| Over $406,750 | no limit | $118,118.75 plus 39.6% of the excess over $406,750 |
2014 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $18,150 | 10% of the taxable amount |
| $18,150 | $73,800 | $1,815 plus 15% of the excess over $18,150 |
| $73,800 | $148,850 | $10,162.50 plus 25% of the excess over $73,800 |
| $148,850 | $226,850 | $28,925 plus 28% of the excess over $148,850 |
| $226,850 | $405,100 | $50,765 plus 33% of the excess over $226,850 |
| $405,100 | $457,600 | $109,587.50 plus 35% of the excess over $405,100 |
| $457,600 | no limit | $127,962.50 plus 39.6% of the excess over $457,600 |
2014 Tax Rates Schedule Y-2 – Married Filing Separately
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $9,075 | 10% of the taxable amount |
| $9,075 | $36,900 | $907.50 plus 15% of the excess over $9,075 |
| $36,900 | $74,425 | $5,081.25 plus 25% of the excess over $36,900 |
| $74,425 | $113,425 | $14,462.50 plus 28% of the excess over $74,425 |
| $113,425 | $202,550 | $25,382.50 plus 33% of the excess over $113,425 |
| $202,550 | $228,800 | $54,793.75 plus 35% of the excess over $202,550 |
| Over $228,800 | no limit | $63,981.25 plus 39.6% of the excess over $228,800 |
2014 Tax Rates Schedule Z – Head of Household
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $12,950 | 10% of the taxable amount |
| $12,950 | $49,400 | $1,295 plus 15% of the excess over $12,950 |
| $49,400 | $127,550 | $6,762.50 plus 25% of the excess over $49,400 |
| $127,550 | $206,600 | $26,300 plus 28% of the excess over $127,550 |
| $206,600 | $405,100 | $48,434 plus 33% of the excess over $206,600 |
| $405,100 | $432,200 | $113,939 plus 35% of the excess over $405,100 |
| $432,200 | no limit | $123,424 plus 39.6% of the excess over $432,200 |
2014 Tax Rates Estates & Trusts
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $2,500 | 15% of the taxable income |
| $2,500 | $5,800 | $375 plus 25% of the excess over $2,500 |
| $5,800 | $8,900 | $1,200 plus 28% of the excess over $5,800 |
| $8,900 | $12,150 | $2,068 plus 33% of the excess over $8,900 |
| $12,150 | no limit | $3,140.50 plus 39.6% of the excess over $12,150 |
Social Security 2014 Tax Rates
| Base Salary | $117,000 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,254.00 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2014 Tax Rates
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2014 Credit and Deduction Limits
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2014 Tax Rates
| Personal Exemption | $3,950 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2013 tax liability |
| Standard mileage rate for business driving | 56 cents |
| Standard mileage rate for medical/moving driving | 23.5 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket | 15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 $14,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $52,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,340,000 |
| Annual Exclusion for Gifts | $14,000 |
2013 Tax Rates Schedule X – Single
| If taxable income is over | But not over | The Tax is |
|---|---|---|
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $87,850 | $4,991.25 plus 25% of the excess over $36,250 |
| $87,850 | $183,250 | $17,891.25 plus 28% of the excess over $87,850 |
| $183,250 | $398,350 | $44,603.25 plus 33% of the excess over $183,250 |
| $398,350 | $400,000 | $115,586.25 plus 35% of the excess over $398,350 |
| Over $400,000 | no limit | $116,163.75 plus 39.6% of the excess over $400,000 |
2013 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $17,850 | 10% of the taxable amount |
| $17,850 | $72,500 | $1,785 plus 15% of the excess over $17,850 |
| $72,500 | $146,400 | $9,982.50 plus 25% of the excess over $72,500 |
| $146,400 | $223,050 | $28,457.50 plus 28% of the excess over $146,400 |
| $223,050 | $398,350 | $49,919.50 plus 33% of the excess over $223,050 |
| $398,350 | $450,000 | $107,768.50 plus 35% of the excess over $398,350 |
| $450,000 | no limit | $125,846 plus 39.6% of the excess over $450,000 |
2013 Tax Rates Schedule Y-2 – Married Filing Separately
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $73,200 | $4,991.25 plus 25% of the excess over $36,250 |
| $73,200 | $111,525 | $14,228.75 plus 28% of the excess over $73,200 |
| $111,525 | $199,175 | $24,959.75 plus 33% of the excess over $111,525 |
| $199,175 | $225,000 | $53,884.25 plus 35% of the excess over $199,175 |
| Over $225,000 | no limit | $62,923 plus 39.6% of the excess over $225,000 |
2013 Tax Rates Schedule Z – Head of Household
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $12,750 | 10% of the taxable amount |
| $12,750 | $48,600 | $1,275 plus 15% of the excess over $12,750 |
| $48,600 | $125,450 | $6,652.50 plus 25% of the excess over $48,600 |
| $125,450 | $203,150 | $25,865 plus 28% of the excess over $125,450 |
| $203,150 | $398,350 | $47,621 plus 33% of the excess over $203,150 |
| $398,350 | $425,000 | $112,037 plus 35% of the excess over $398,350 |
| $425,000 | no limit | $121,364.50 plus 39.6% of the excess over $425,000 |
2013 Tax Rates Estates & Trusts
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $2,450 | 15% of the taxable income |
| $2,450 | $5,700 | $367.50 plus 25% of the excess over $2,450 |
| $5,700 | $8,750 | $1,180 plus 28% of the excess over $5,700 |
| $8,750 | $11,950 | $2,034 plus 33% of the excess over $8,750 |
| $11,950 | no limit | $3,090 plus 39.6% of the excess over $11,950 |
Social Security 2013 Tax Rates
| Base Salary | $113,700 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,049.40 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2013 Tax Rates
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2013 Credit and Deduction Limits
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2013 Tax Rates
| Personal Exemption | $3,900 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2012 tax liability |
| Standard mileage rate for business driving | 56.5 cents |
| Standard mileage rate for medical/moving driving | 24 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 $14,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $52,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,250,000 |
| Annual Exclusion for Gifts | $14,000 |
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