2017 Tax Rates

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