Tax rates change every year. Take a look at the tax rates for 2017.
Federal Income Tax Rates
Single:
| Taxable Income | Tax Rate |
| $0 to $9,325 | 10% of taxable income |
| $9,326 to $37,950 | $932.50 plus 15% of the amount over $9,325 |
| $37,951 to $91,900 | $5,226.25 plus 25% of the amount over $37,950 |
| $91,901 to $191,650 | $18,713.75 plus 28% of the amount over $91,900 |
| $191,651 to $416,700 | $46,643.75 plus 33% of the amount over $191,650 |
| $416,701 to $418,400 | $120,910.25 plus 35% of the amount over $416,700 |
| $418,401 or more | $120,505.25 plus 39.6% of the amount over $418,400 |
Married Filing Jointly or Qualifying Widow(er):
| Taxable Income | Tax Rate |
| $0 to $18,650 | 10% of taxable income |
| $18,651 to $75,900 | $1,865.00 plus 15% of the amount over $18,650 |
| $75,901 to $153,100 | $10,452.50 plus 25% of the amount over $75,900 |
| $153,101 to $233,350 | $29,752.50 plus 28% of the amount over $153,100 |
| $233.351 to $416,700 | $52,222.50 plus 33% of the amount over $233,350 |
| $416,701 to $470,700 | $112,728.00 plus 35% of the amount over $416,700 |
| $470,701 or more | $131,628.00 plus 39.6% of the amount over $470,700 |
Married Filing Separately:
| Taxable Income | Tax Rate |
| $0 to $9,325 | 10% of taxable income |
| $9,326 to $37,950 | $932.50 plus 15% of the amount over $9,325 |
| $37,951 to $76,550 | $5,226.25 plus 25% of the amount over $37,950 |
| $76,551 to $116,675 | $14,876.25 plus 28% of the amount over $76,550 |
| $116,676 to $208,350 | $26,111.25 plus 33% of the amount over $116,675 |
| $208,351 to $235,350 | $56,364.00 plus 35% of the amount over $208,350 |
| $235,351 or more | $65,814.00 plus 39.6% of the amount over $235,350 |
Head of Household:
| Taxable Income | Tax Rate |
| $0 to $13,350 | 10% of taxable income |
| $13,351 to $50,800 | $1,335.00 plus 15% of the amount over $13,350 |
| $50,801 to $131,200 | $6,952.50 plus 25% of the amount over $50,800 |
| $131,201 to $212,500 | $27,052.50 plus 28% of the amount over $131,200 |
| $212,501 to $416,700 | $49,816.50 plus 33% of the amount over $212,500 |
| $416,701 to $444,500 | $117,202.50 plus 35% of the amount over $416,700 |
| $444,501 or more | $126,950.00 plus 39.6% of the amount over $444,500 |
Social Security and Medicare Tax Rates
| Social Security | 2017 Tax Rate |
| Maximum Income Subject to Social Security Tax | $127,200 (this will increase to $128,700 in 2018) |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,886.40 (this will increase to $7,979.40 in 2018) |
| Medicare | 2017 Tax Rate |
| Maximum Income Subject to Medicare Tax | Unlimited |
| Medicare Tax Rate | 1.45% |
| Additional Medicare Tax for High Earners | Additional 0.9% on amounts over:
· Single: $200,000 · Married filing jointly: $250,000 · Married filing separately: $125,000 |
