2017 Tax Rates & Mileage Rates

Tax Rates

2017 Tax Rates & Mileage Rates

Single Taxable Income Tax Brackets and Rates, 2017

Rate Taxable Income Bracket Tax Owed

10%

$0 to $9,325 10% 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

Head of Household Taxable Income Tax Brackets and Rates, 2017

Rate Taxable Income Bracket Tax Owed

10%

$0 to $13,350 10% 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.

Married Filing Joint Taxable Income Tax Brackets and Rates, 2017

Rate Taxable Income Bracket Tax Owed

10%

$0 to $18,650 10% 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

2017 Standard Deduction and Personal Exemption

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

2017 Standard Mileage Rates for Business, Medical and Moving

REASON

Business Miles Driven

Medical or Moving Purposes

In Service of Charitable Organizations

RATE

53.5 cents

17 cents

14 cents

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