Tax bracket for this year

Federal Income tax Bracket 2016

There are brackets for Federal income tax : 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%.

Your income level and filing status decides the amount of tax you owe.

Single

Taxable Income Tax Rate

$0—$9,275 10%

$9,276—$37,650 $927.50 plus 15% of the amount over $9,275

$37,651—$91,150 $5,183.75 plus 25% of the amount over $37,650

$91,151—$190,150 $18,558.75 plus 28% of the amount over $91,150

$190,151—$ 413,350 $46,278.75 plus 33% of the amount over $190,150

$413,351—$415,050 $119,934.75 plus 35% of the amount over $413,350

$415,051 or more $120,529.75 plus 39.6% of the amount over $415,050

Married Filing Jointly or Qualifying Widow(er)

Taxable Income Tax Rate

$0—$18,550 10%

$18,551—$75,300 $1,855 plus 15% of the amount over $18,550

$75,301—$151,900 $10,367.50 plus 25% of the amount over $75,300

$151,901—$231,450 $29,517.50 plus 28% of the amount over $151,900

$231,451—$413,350 $51,791.50 plus 33% of the amount over $231,450

$413,351—$466,950 $111,818.50 plus 35% of the amount over $413,350

$466,951 or more $130,578.50 plus 39.6% of the amount over $466,950

Married Filing Separately

Taxable Income Tax Rate

$0—$9,275 10%

$9,276—$37,650 $927.50 plus 15% of the amount over $9,275

$37,651—$75,950 $5,183.75 plus 25% of the amount over $37,650

$75,951—$115,725 $14,758.75 plus 28% of the amount over $75,950

$115,726—$206,675 $25,895.75 plus 33% of the amount over $115,725

$206,676—$233,475 $55,909.25 plus 35% of the amount over $206,675

$233,476 or more $65,289.25 plus 39.6% of the amount over $233,475

Head of Household

Taxable Income Tax Rate

$0—$13,250 10%

$13,251—$50,400 $1,325 plus 15% of the amount over $13,250

$50,401—$130,150 $6,897.50 plus 25% of the amount over $50,400

$130,151—$210,800 $26,835 plus 28% of the amount over $130,150

$210,801—$413,350 $49,417 plus 33% of the amount over $210,800

$413,351—$441,000 $116,258.50 plus 35% of the amount over $413,350

$441,001 or more $125,936 plus 39.6% of the amount over $441,000