Individual, Trust and Estate Income Tax Brackets
|
|
2016
|
2015
|
| Beginning of 15% Bracket |
| Married Filing Joint (MFJ) or Qualifying Widow(er) (QW) |
$18.55 |
$18,450 |
| Single |
9,275 |
9,225 |
| Head of Household (HOH) |
13,250 |
13,150 |
| Married Filing Separate (MFS) |
9,275 |
9,225 |
| Estates and Nongrantor Trusts |
0 |
0 |
| Beginning of 25% Bracket |
| MFJ or QW |
$75,300 |
$74,900 |
| Single |
37,650 |
37,450 |
| HOH |
50,400 |
50,200 |
| MFS |
37,650 |
37,450 |
| Estates and Nongrantor Trusts |
2,550 |
2,500 |
| Beginning of 28% Bracket |
| MFJ or QW |
$151,900 |
$151,200 |
| Single |
91,150 |
90,750 |
| HOH |
130,150 |
129,600 |
| MFS |
75,950 |
75,600 |
| Estates and Nongrantor Trusts |
5,950 |
5,900 |
| Beginning of 33% Bracket |
| MFJ or QW |
231,450 |
$230,450 |
| Single |
190,150 |
189,300 |
| HOH |
210,800 |
209,850 |
| MFS |
115,725 |
115,225 |
| Estates and Nongrantor Trusts |
9,050 |
9,050 |
| Beginning of 35% Bracket |
| MFJ, QW, Single, HOH |
$413,350 |
$411,500 |
| MFS |
206,675 |
205,750 |
| Estates and Nongrantor Trusts |
N/A |
N/A |
| Beginning of 39.6% Bracket |
| MFJ or QW |
$466,950 |
$464,850 |
| Single |
415,050 |
413,200 |
| HOH |
441,000 |
439,000 |
| MFS |
233,475 |
232,425 |
| Estate and Nongrantor Trust |
12,400 |
12,300 |
| Source: |
Rev. Proc. 2015-53 |
Rev. Proc. 2014-61 |
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Individuals—General Deductions, Credits and Exclusions
|
|
2016
|
2015
|
| Standard deduction: |
| Married Filing Joint (MFJ) or Qualifying Widow(er) (QW) |
$12,600 |
$12,600 |
| Single |
6,300 |
6,300 |
| Head of Household (HOH) |
9,300 |
9,250 |
| Married Filing Separate (MFS) |
6,300 |
6,300 |
| Additional amount for age 65 or older or blind, each (MFJ, QW, MFS) |
1,250 |
1,250 |
| Additional amount for age 65 or older or blind, each (Single, HOH) |
1,550 |
1,550 |
| Itemized deduction phase-out begins at AGI of: |
| MFJ or QW |
$311,300 |
$309,900 |
| Single |
259,400 |
258,250 |
| HOH |
285,350 |
284,050 |
| MFS |
155,650 |
154,950 |
| Personal exemption |
$4,050 |
$4,000 |
| Personal exemption phase-out begins at AGI of: |
| MFJ or QW |
$311,300 |
$309,900 |
| Single |
259,400 |
258,250 |
| HOH |
285,350 |
284,050 |
| MFS |
155,650 |
154,950 |
| Earned income credit: |
| Earned income (and AGI) must be less than (MFJ):1 |
| No qualifying children |
$20,430 |
$20,330 |
| One qualifying child |
44,846 |
44,651 |
| Two qualifying children |
50,198 |
49,974 |
| Three or more qualifying children |
53,505 |
53,267 |
| Maximum amount of credit (all filers except MFS): |
| No qualifying children |
$506 |
$503 |
| One qualifying child |
3,373 |
3,359 |
| Two qualifying children |
5,572 |
5,548 |
| Three or more qualifying children |
6,269 |
6,242 |
| Investment income limit |
$3,400 |
$3,400 |
| Child tax credit: |
| Credit per child |
$1,000 |
$1,000 |
| Additional (refundable) credit—earned income floor |
3,000 |
3,000 |
| Adoption credit/exclusion: |
| Maximum credit/exclusion (and amount allowed for adoption of special needs child) |
$13,460 |
$13,400 |
| Credit/exclusion phase-out begins at AGI of: |
| All taxpayers except MFS |
$201,920 |
201,010 |
| MFS |
Not Allowed |
Not Allowed |
| Kiddie tax unearned income threshold |
$2,100 |
$2,100 |
| Foreign earned income exclusion |
$101,300 |
$100,800 |
| Source: |
Rev. Proc. 2015-53 |
Rev. Proc. 2014-61 |
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