Broker Check

Individual Income Tax Rates

Married Filing Jointly

OverNot OverRate
$0$18,65010%
$18,651$75,90015%
$75,901$153,10025%
$153,101$233,35028%
$233,351$416,70033%
$416,701$470,70035%
$470,701and over39.6%

Married Filing Separately

OverNot OverRate
$0$9,32510%
$9,326$37,95015%
$37,951$76,55025%
$76,551$116,67528%
$116,675$208,35033%
$208,351$235,35035%
$235,351and over39.6%

Heads of Households

OverNot OverRate
$0$13,35010%
$13,351$50,80015%
$50,801$131,20025%
$131,201$212,50028%
$212,501$416,70033%
$416,701$444,55035%
$444,551and over39.6%

Single

OverNot OverRate
$0$9,32510%
$9,326$37,95015%
$37,951$91,90025%
$91,901$191,65028%
$191,651$416,70033%
$416,701$418,40035%
$418,401and over39.6%

Standard Deduction

Married Filing Jointly$12,700
Single$6,350
Head of Household$9,350
Married Filing Separately$6,350
Additional - Blind or Elderly 
     Single$1,550*
     Married$1,250*

* Estimated - No amount given at this time

Personal Exemption

Deduction for each taxpayer spouse and dependent$4,050*

* Phased out for higher tax brackets

Estimated Tax Payments

Taxpayers are generally required to pay in through withholding or estimated tax payments the lesser of 100% (or 110% if AGI is greated than $150,000) or prior-year tax liability or 90% of current-year tax liability.
 

Capital Gains Rates

Short-Term Capital Gains  
Held 12 months or lessUp to the marginal ordinary %
Long-Term Capital Gains  
Ordinary Rate 10%0%
Ordinary Rate 15%0%
Income $400,000 or less for single, $450,000 or less for joint15%
Income $400,000 or more for single, $450,000 or more for joint20%
Depreciation recapture25%