Tax bracket for this year
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Federal Income tax Bracket 2016 |
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There are brackets for Federal income tax : 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. |
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Your income level and filing status decides the amount of tax you owe. |
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Single |
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Taxable Income Tax Rate |
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$0—$9,275 10% |
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$9,276—$37,650 $927.50 plus 15% of the amount over $9,275 |
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$37,651—$91,150 $5,183.75 plus 25% of the amount over $37,650 |
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$91,151—$190,150 $18,558.75 plus 28% of the amount over $91,150 |
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$190,151—$ 413,350 $46,278.75 plus 33% of the amount over $190,150 |
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$413,351—$415,050 $119,934.75 plus 35% of the amount over $413,350 |
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$415,051 or more $120,529.75 plus 39.6% of the amount over $415,050 |
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Married Filing Jointly or Qualifying Widow(er) |
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Taxable Income Tax Rate |
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$0—$18,550 10% |
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$18,551—$75,300 $1,855 plus 15% of the amount over $18,550 |
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$75,301—$151,900 $10,367.50 plus 25% of the amount over $75,300 |
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$151,901—$231,450 $29,517.50 plus 28% of the amount over $151,900 |
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$231,451—$413,350 $51,791.50 plus 33% of the amount over $231,450 |
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$413,351—$466,950 $111,818.50 plus 35% of the amount over $413,350 |
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$466,951 or more $130,578.50 plus 39.6% of the amount over $466,950 |
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Married Filing Separately |
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Taxable Income Tax Rate |
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$0—$9,275 10% |
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$9,276—$37,650 $927.50 plus 15% of the amount over $9,275 |
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$37,651—$75,950 $5,183.75 plus 25% of the amount over $37,650 |
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$75,951—$115,725 $14,758.75 plus 28% of the amount over $75,950 |
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$115,726—$206,675 $25,895.75 plus 33% of the amount over $115,725 |
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$206,676—$233,475 $55,909.25 plus 35% of the amount over $206,675 |
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$233,476 or more $65,289.25 plus 39.6% of the amount over $233,475 |
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Head of Household |
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Taxable Income Tax Rate |
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$0—$13,250 10% |
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$13,251—$50,400 $1,325 plus 15% of the amount over $13,250 |
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$50,401—$130,150 $6,897.50 plus 25% of the amount over $50,400 |
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$130,151—$210,800 $26,835 plus 28% of the amount over $130,150 |
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$210,801—$413,350 $49,417 plus 33% of the amount over $210,800 |
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$413,351—$441,000 $116,258.50 plus 35% of the amount over $413,350 |
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$441,001 or more $125,936 plus 39.6% of the amount over $441,000 |
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