US Federal Income Tax Rates & Brackets for 2017 US Federal Income tax brackets and marginal tax rates for the 2017 tax year. |
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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
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
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. Article:
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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)]
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 | ||||||||||||||||||||||||||
Note 1. Source https://www.irs.gov/pub/irs-pdf/fw4s.pdf
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