US Federal income tax has 7 brackets: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. The amount of tax you owe depends on your income level and filing status.
It’s important to understand that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate. Instead, only the money that you earn within a particular bracket is subject to that particular tax rate.
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
