2016 Income Tax Brackets
The 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.
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 |
Corporate Tax Rates
| Over | But not over | Tax is | Of amount over |
| $0 | $50,000 | 15% | $0 |
| 50,000 | 75,000 | $7,500 + 25% | 50,000 |
| 75,000 | 100,000 | 13,750 + 34% | 75,000 |
| 100,000 | 335,000 | 22,250 + 39% | 100,000 |
| 335,000 | 10,000,000 | 113,900 + 34% | 335,000 |
| 10,000,000 | 15,000,000 | 3,400,000 + 35% | 10,000,000 |
| 15,000,000 | 18,333,333 | 5,150,000 + 38% | 15,000,000 |
| 18,333,333 | ____ | 35% | 0 |
