Income Tax Rate

2017 Individual Income Tax Rate

 
Tax rate Single filers Married filing jointly or qualifying widow(er) Married filing separately Head of household
10% Up to $9,325 Up to $18,650 Up to $9,325 Up to $13,350
15% $9,326 – $37,950 $18,651 – $75,900 $9,326 – $37,950 $13,351 – $50,800
25% $37,951 – $91,900 $75,901 – $153,100 $37,951 – $76,550 $50,801 – $131,200
28% $91,901 – $190,650 $153,101 – $233,350 $76,551 – $116,675 $131,201 – $212,500
33% $190,651 – $416,700 $233,351 – $416,700 $116,676 – $208,350 $212,501 – $416,700
35% $416,701 – $418,400 $416,701 – $470,700 $208,351 – $235,350 $416,701 – $444,550
39.6% $418,401 or more $470,701 or more $235,351 or more $444,551 or more

 

 Federal income tax return 2017 Amounts 2016 Amounts
Standard deduction for single or

married filing separate taxpayers

 $6,350 $6,300
 Standard deduction for joint, or surviving spouse  $12,700  $12,600
  Standard deduction for head of household taxpayers  $9,350  $9,250
 Personal exemptions

(Phase out  for personal exemption amount is applied for higher income tax payer)

 $4,050  $4050

Standard Deductions for Blind and Senior Taxpayers

Elderly and/or blind taxpayers receive an additional standard deduction amount added to the basic standard deduction. The additional standard deduction for blind taxpayers—taxpayers whose vision is less than 20/200—and for taxpayers who are age 65 or older at the end of the year is:

 $1,250 for married individuals; and

 $1,550 for singles and heads of household

Exemption Amount

The exemption amount generally increases from year to year but has remained the same for years 2016 and 2017 at $4,050 for taxpayers who’s 2017 AGI does not exceed the following amounts:

Filing Status Adjusted Gross Income Start to phase out

 

Adjusted Gross Income in excess of the amounts shown in the table Completely phased out

 

Married filing jointly or qualifying widow(er) $313,800

 

$436,300
Head of household $287,650 $410,450
Single $261,500 $384,000
Married filing separately $156,900 $218,150

For taxpayers whose AGI exceeds the listed amounts, the personal exemption is reduced. The reduction in the exemption is equal to 2% for each $2,500 (or part of $2,500) of AGI in excess of the amounts shown in the table.