2017 Tax Tables released (Tax Year 2016)The IRS have released their 2017 Tax Tables for Tax Year 2016.
The 2017 Tax Tables were released and we have them below. Source. These are the Tax Rates for 2016 Income Tax.
2017 tax tables married filing jointly
Unmarried Individuals (Other Than Surviving Spouses and Heads of Households)
| Tax Rate | 2017 Taxable Income | 2016 Taxable Income |
| 10% | $0 – $9,325 | $0 – $9,275 |
| 15% | $9,326 – $37,950 | $9,276 – $37,650 |
| 25% | $37,951 – $91,900 | $37,651 – $91,150 |
| 28% | $91,901 – $191,650 | $91,151 – $190,150 |
| 33% | $191,651 – $416,700 | $190,151 – $413,350 |
| 35% | $416,701 – $418,400 | $413,351 – $415,050 |
| 39.6% | $418,401+ | $415,051+ |
Head of Household
| Tax Rate | 2017 Taxable Income | 2016 Taxable Income |
| 10% | $0 – $13,350 | $0 – $13,250 |
| 15% | $13,351 – $50,800 | $13,251 – $50,400 |
| 25% | $50,801 – $131,200 | $50,401 – $130,150 |
| 28% | $131,201 – $212,500 | $130,151 – $210,800 |
| 33% | $212,501 – $416,700 | $210,801 – $413,350 |
| 35% | $416,701 – $444,550 | $413,351 – $441,000 |
| 39.6% | $444,551+ | $441,001+ |
Married Individuals Filing Separate Returns
| Tax Rate | 2017 Taxable Income | 2016 Taxable Income |
| 10% | $0 – $9,325 | $0 – $9,275 |
| 15% | $9,326 – $37,950 | $9,276 – $37,650 |
| 25% | $37,951 – $76,550 | $37,651 – $75,950 |
| 28% | $76,551 – $116,675 | $75,951 – $115,725 |
| 33% | $116,676 – $208,350 | $115,726 – $206,675 |
| 35% | $208,351 – $235,350 | $206,676 – $233,475 |
| 39.6% | $235,351+ | $233,476+ |
Standard Deduction Amounts
| Filing Status | 2017 | 2016 | Increase |
| Married Filing Jointly (& Surviving Spouse) | $12,700 | $12,600 | $100 |
| Married Filing Separately | $6,350 | $6,300 | $50 |
| Single | $6,350 | $6,300 | $50 |
| Head of Household | $9,350 | $9,300 | $50 |
Standard Deduction for Dependents
| 2017 | 2016 | Increase |
| $1,050 | $1,050 | $0 |
Personal Exemption Amounts
| 2017 | 2016 | Increase |
| $4,050 | $4,050 | $0 |
Gift Tax Exclusion
| 2017 | 2016 | Increase |
| $14,000 | $14,000 | $0 |
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