| |
Tax Rates
|
Married/Joint
(MFJ) |
Head of Household
(HH) |
Single
(S) |
| |
110% |
0 – 17,000 |
0 – 12,400 |
0 – 8,700 |
| |
115% |
17,401 – 70,700 |
12,401 – 47,350 |
8,701 – 35,350 |
| |
225% |
70,701 – 142,700 |
47,351 – 122,300 |
35,351 – 85,650 |
| |
228% |
142,701 – 217,450 |
122,301 – 198,050 |
85,651 – 178,650 |
| |
233% |
217,451 – 388,350 |
198,051 – 388,350 |
178,651 – 388,350 |
| |
235% |
388,351 & ABOVE |
388,351 & ABOVE |
388,351 & ABOVE |
| |
(1) This rate is not applicable for long term capital gains, which are mostly capped at 0%.
(2) This rate is not applicable for long term capital gains, which are mostly capped at 15%.
|
| |
Children & Other Dependents |
|
| UNearned income ONLY: |
(First $ 950) |
NO tax |
| |
($951 – $9,500)*
|
10% |
| |
|
|
|
*If under age 19 OR
Full time student < 24:
|
($1,901 & up) |
Taxed @ Parent's rate |
| |
|
|
| EARNED income ONLY: |
(First
$
5,950)
|
NO tax |
| (All ages) |
(Above
$
5,950) |
Taxed @ Single rate (see above) |
| |
|
|
| COMBINATION of EARNED & UNearned Income: |
|
| |
(First $950) |
NO tax |
|
(EARNED income > $950 BUT < $5,950) |
ONLY UNearned income over $300 taxed |
|
(EARNED income > $5,950) |
Excess EARNED income taxed
AND ALL UNearned income taxed |
Loophole: Kiddie Tax does not apply if the child earns half their support
by themselves.
| |
Married Filing Jointly |
Head of Household |
Single |
| |
$11,00 |
$8,700 |
$5,950 |
| PLUS: |
$ 1,150 |
for EACH 65+ spouse |
| or: |
$ 1,450 |
for a single filer age 65 or older |
| PLUS: |
$ 1,150 |
if legally blind each |
| |
|
|
| |
Personal Exemptions |
|
| |
$3,800 per person |
|
|
