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2017 Tax Rate Brackets and Tables

 

Filing Single
Rate Taxable Income Bracket Tax Owed
10% $0 to $9,325 10% of Taxable Income
15% $9,325 to $37,950 $932.50 plus 15% of the excess over $9,325
25% $37,950 to $91,900 $5,226.25 plus 25% of the excess over $37,950
28% $91,900 to $191,650 $18,713.75 plus 28% of the excess over $91,900
33% $191,650 to $416,700 $46,643.75 plus 33% of the excess over $191,650
35%  $416,700 to $418,400 $120,910.25 plus 35% of the excess over $416,700
39.60% $418,400 + $121,505.25 plus 39.6% of the excess over $418,400

 

Married Fililng Jointly
Rate Income Tax Bracket Tax Owed
10% $0 to $18,650 10% of taxable income
15% $18,650 to $75,900 $1,865 plus 15% of the excess over $18,650
25% $75,900 to $153,100 $10,452.50 plus 25% of the excess over $75,900
28% $153,100 to $233,350 $29,752.50 plus 28% of the excess over $153,100
33% $233,350 to $416,700 $52,222.50 plus 33% of the excess over $233,350
35% $416,700 to $470,700 $112,728 plus 35% of the excess over $416,700
39.6% $470,700 + $131,628 plus 39.6% of the excess over $470,700

 

Head of Household
Rate Income Tax Bracket Tax Owed
10% $0 to $13,350 10% of taxable income
15% $13,350 to $50,800 $1,335 plus 15% of the excess over $13,350
25% $50,800 to $131,200 $6,952.50 plus 25% of the excess over $50,800
28% $131,200 to $212,500 $27,052.50 plus 28% of the excess over $131,200
33% $212,500 to $416,700 $49,816.50 plus 33% of the excess over $212,500
35% $416,700 to 444,500 $117,202.50plus 35% of the excess over $416,701
39.6% $ 444,500+ $126,950 plus 39.6% of the excess over $444,550

 

Standard Deduction and Personal Exemption
Filing Status Deduction Amount
Single $6,350
Married Filing Jointly $12,700
Head of Household $9,350
Personal Exemption $4,050

 

Pease Limitations on Itemized Deductions
Filing Status Income
Single $261,500
Married Filing Jointly $318,800
Head of Household $287,650
Personal Exemption $156,900

 

Personal Exemption Phaseout
Filing Status Phaseout Begins Phaseout Complete
Single $261,500 $384,000
Married Filing Jointly $318,800 $436,300
Head of Household $287,650 $410,150
Personal Exemption $156,900 $218,150

 

Alternative Minimum Tax Exemptions
Filing Status Exemption Amount
Single $53,300
Married Filing Jointly $84,500
Head of Household $42,250
Personal Exemption $24,100

 

Alternative Minimum Tax

Exemption Phaseout Thresholds

Filing Status Threshold
Single $120,700
Married Filing Jointly $160,900

Married Filing Separately, Estates and Trusts

$80,450

 

Earned Income Tax Credit Parameters
Filing Status   No Children One Child Two Children Three or More Children
Single or Head of Household Income at Max Credit $6,670 $10,000 $14,040 $14,040
Maximum Credit $510 $3,400 $5,616 $6,318
Phaseout Begins $8,340 $18,340 $18,340 $18,340
Phaseout Ends(Credit Equals Zero) $15,010 $39,617 $45,007 $48,340
Married Filing Jointly Income at Max Credit $6,670 $10,000 $14,040 $14,040
Maximum Credit $510 $3,400 $5,616 $6,318
Phaseout Begins $13,930 $23,930 $23,930 $23,930
Phaseout Ends(Credit Equals Zero) $20,600 $45,207 $50,597 $53,930