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US Federal  Income Tax Rates & Brackets for 2017
 
US Federal  Income tax brackets and marginal tax rates for the 2017 tax year.
Uncle Sam says Pay Your Taxes

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January 29, 2017
:
 
The tables below show the United States Federal  Income tax brackets and marginal tax rates for the  2017 tax year.  39.6% is the top Federal marginal tax rate in 2017.  Press Release

Note: Each tax rate applies to a range of income called a tax bracket. Each tax rate applies to a specific range of taxable income. Taxable income is total income after various deductions have been subtracted.

The personal exemption for tax year 2017 remains as it was for 2016: $4,050.  However, the exemption is subject to a phase-out that begins with adjusted gross incomes of $261,500 ($313,800 for married couples filing jointly). It phases out completely at $384,000 ($436,300 for married couples filing jointly.)

US Federal tax rates for tax year 2017: For tax year 2017 returns that will be filed in 2016

Table 1
Single Filing Status

[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
RateTaxable Income Bracket
Income Tax Owed

10%

$0 to $9,32510% of Taxable Income

15%

$9,325 to $37,950$932.50 plus 15% of the excess over $9325

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

39.6%

$418,400+$121,505.25 plus 39.6% of the excess over $418,400


Standard Deductions. For 2017, the standard deduction is $6,350. An additional $1,550 is allowed for an unmarried individual (single or head of household) who is 65 or older or blind, $3,100 if 65 or older and blind.
 
Table 2
Head of Household Filing Status
[Tax Rate Schedule Z, Internal Revenue Code section 1(b)]

Rate
Taxable Income Bracket
Income Tax Owed

10%

$0 to $18,65010% 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

39.60%

$470,700+$131,628 plus 39.6% of the excess over $470,700

Standard Deductions. For 2017, the standard deduction is $9,350. An additional standard deduction of $1,250 is allowed for a married individual (filing jointly or separately) or qualifying widow(er) who is 65 or older or blind, $2,500 if 65 or older and blind. If both spouses are 65 or older or blind, an additional $2,500 is allowed on a joint return ($2,500 on a separate return if you can claim an exemption for your spouse). If both spouses are 65 or older and blind, an additional $5,000 is allowed on a joint return ($5,000 on a separate return if you can claim an exemption for your spouse). An additional $1,550 is allowed for an unmarried individual (single or head of household) who is 65 or older or blind, $3,100 if 65 or older and blind.

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Table #3
Married Filing Jointly or Qualifying Widow(er) 
Filing Status
[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
Rate
Taxable Income Bracket
Income Tax Owed
10%$0 to $13,35010% 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$117,202.50 plus 35% of the excess over $416,701
39.60%$444,550+$126,950 plus 39.6% of the excess over $444,550
Standard Deductions. For 2017, the standard deduction is $12,700. An additional standard deduction of $1,250 is allowed for a married individual (filing jointly or separately) or qualifying widow(er) who is 65 or older or blind, $2,500 if 65 or older and blind. If both spouses are 65 or older or blind, an additional $2,500 is allowed on a joint return ($2,500 on a separate return if you can claim an exemption for your spouse). If both spouses are 65 or older and blind, an additional $5,000 is allowed on a joint return ($5,000 on a separate return if you can claim an exemption for your spouse). An additional $1,550 is allowed for an unmarried individual (single or head of household) who is 65 or older or blind, $3,100 if 65 or older and blind
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Note 1.  Source  https://www.irs.gov/pub/irs-pdf/fw4s.pdf 
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