Gallery

2017 Tax Rates & Mileage Rates

[vc_row][vc_column][vc_custom_heading text=”Single Taxable Income Tax Brackets and Rates, 2017″ use_theme_fonts=”yes”][vc_row_inner][vc_column_inner][vc_column_text]

RateTaxable Income BracketTax Owed

10%

$0 to $9,32510% of Taxable Income

15%

$9,325 to $37,950$932.50 plus 15% of the excess over $9,325

25%

$37,950 to $91,900$5,226.25 plus 25% of the excess over $37,950

28%

$91,900 to $191,650$18,713.75 plus 28% of the excess over $91,900

33%

$191,650 to $416,700$46,643.75 plus 33% of the excess over $191,650

35%

$416,700 to $418,400$120,910.25 plus 35% of the excess over $416,700

39.60%

$418,400+$121,505.25 plus 39.6% of the excess over $418,400

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RateTaxable Income BracketTax Owed

10%

$0 to $13,35010% of taxable income

15%

$13,350 to $50,800$1,335 plus 15% of the excess over $13,350

25%

$50,800 to $131,200$6,952.50 plus 25% of the excess over $50,800

28%

$131,200 to $212,500$27,052.50 plus 28% of the excess over $131,200

33%

$212,500 to $416,700$49,816.50 plus 33% of the excess over $212,500

35%

$416,700 to $444,500$117,202.50 plus 35% of the excess over $416,701

39.60%

$444,550+$126,950 plus 39.6% of the excess over $444,550
Source: IRS.

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RateTaxable Income BracketTax Owed

10%

$0 to $18,65010% of taxable income

15%

$18,650 to $75,900$1,865 plus 15% of the excess over $18,650

25%

$75,900 to $153,100$10,452.50 plus 25% of the excess over $75,900

28%

$153,100 to $233,350$29,752.50 plus 28% of the excess over $153,100

33%

$233,350 to $416,700$52,222.50 plus 33% of the excess over $233,350

35%

$416,700 to $470,700$112,728 plus 35% of the excess over $416,700

39.60%

$470,700+$131,628 plus 39.6% of the excess over $470,700

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Filing StatusDeduction Amount
Single$6,350
Married Filing Jointly$12,700
Head of Household$9,350
Personal Exemption$4,050
Source: IRS.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”2017 Standard Mileage Rates for Business, Medical and Moving” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_column_text]REASON

Business Miles Driven

Medical or Moving Purposes

In Service of Charitable Organizations[/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]RATE

53.5 cents

17 cents

14 cents[/vc_column_text][/vc_column][vc_column width=”1/4″][/vc_column][vc_column width=”1/4″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Tax Foundation. The Tax Foundation is the nation’s leading independent tax policy nonprofit. https://taxfoundation.org/2017-tax-brackets/

IRS https://www.irs.gov/newsroom/2017-standard-mileage-rates-for-business-medical-and-moving-announced[/vc_column_text][/vc_column][/vc_row]