If Taxable Income Is: The Tax Is:
Not over $9,225 10% of the taxable income
Over $9,225 but not over $37,450 $922.50 plus 15% of the excess over $9,225
Over $37,450 but not over $90,750 $5,156.25 plus 25% of the excess over $37,450
Over $90,750 but not over $189,300 $18,481.25 plus 28% of the excess over $90,750
Over $189,300 but not over $411,500 $46,075.25 plus 33% of the excess over $189,300
Over $411,500 but not over $413,200 $119,401.25 plus 35% of the excess over $411,500
Over $413,200 $119,996.25 plus 39.6% of the excess over $413,200
Married Individuals Filing Joint and Surviving Spouses
If Taxable Income Is: The Tax Is:
Not over $18,450 10% of the taxable income
Over $18,450 but not over $74,900 $1,845.00 plus 15% of the excess over $18,450
Over $74,900 but not over $151,200 $10,312.58 plus 25% of the excess over $74,900
Over $151,200 but not over $230,450 $29,387.50 plus 28% of the excess over $151,200
Over $230,450 but not over $411,500 $51,577.50 plus 33% of the excess over $220,450
Over $411,500 but not over $464,850 $111,324.00 plus 35% of the excess over $411,500
Over $464,850 $129,996.50 plus 39.6% of the excess over $464,850
- Social Security Tax at a rate of 12.4% on wages and self-employment income up to the annual Social Security wage base of $117,000.
- Medicare Tax at a rate of 2.9% on wages and self-employment income.
- Additional Medicare Tax at a rate of 0.9% on wages and self-employment income over the following thresholds:
•Married Filing Jointly: $250,000
•Single or Head of Household or Qualifying Widow(er): $200,000
•Married Filing Separately: $125,000
- Alternative Minimum Tax (AMT)
For Married Filing Separately:
• 26% on taxable income (as recalculated under the AMT rules) under $91,250
• 28% on AMT taxable income over $91,250
For Single, Head of Household, Married Filing Jointly, and Qualifying Widow(er):
• 26% on AMT taxable income under $182,500
• 28% on AMT taxable income over $182,500
- Net investment income tax at a rate of 3.8% on the lower of net investment income or modified adjusted gross income over the following thresholds:
•Married Filing Jointly or Qualifying Widow(er): $250,000
•Single or Head of Household: $200,000
•Married Filing Separately: $125,000
- Capital Gains tax rates vary depending on whether the gains are short-term or long-term.
Short-term gains taxed at ordinary income tax rates.
Long-term gains and qualified dividends taxed at
• 0% if taxable income falls in the 10% or 15% marginal tax brackets
• 15% if taxable income falls in the 25%, 28%, 33%, or 35% marginal tax brackets
• 20% if taxable income falls in the 39.6% marginal tax bracket
• 25% on Depreciation Recapture
• 28% on Collectibles
• 28% on qualified small business stock after exclusion
