Tax Rates
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2026 Federal Income Tax Brackets and Rates for Single Filers,
Married Couples Filing Jointly, and Heads of Households
| Tax Rate | For Single Filers | For Married Individuals Filing Joint Returns | For Heads of Households |
|---|---|---|---|
| 10% | $0 to $12,400 | $0 to $24,800 | $0 to $17,700 |
| 12% | $12,401 to $50,400 | $24,801 to $100,800 | $17,701 to $67,450 |
| 22% | $50,401 to $105,700 | $100,801 to $211,400 | $67,451 to $105,700 |
| 24% | $105,701 to $201,775 | $211,401 to $403,550 | $105,701 to $201,775 |
| 32% | $201,776 to $256,225 | $403,551 to $512,450 | $201,776 to $256,200 |
| 35% | $256,226 to $640,600 | $512,451 to $768,700 | $256,201 to $640,600 |
| 37% | $640,601 or more | $768,701 or more | $640,601 or more |
2026 Standard Deduction
| Filing Status | Deduction Amount |
|---|---|
| Single | $16,100 |
| Married Filing Jointly | $32,200 |
| Head of Household | $24,150 |
2026 Alternative Minimum Tax (AMT) Exemptions
| Filing Status | Exemption Amount |
|---|---|
| Unmarried Individuals | $90,100 |
| Married Filing Jointly | $140,200 |
2026 Alternative Minimum Tax (AMT) Exemption Phaseout Thresholds
| Filing Status | Threshold |
|---|---|
| Unmarried Individuals | $500,000 |
| Married Filing Jointly | $1,000,000 |
2026 Earned Income Tax Credit (EITC) Parameters
| Filing Status | No Children | One Child | Two Children | Three or More Children | |
|---|---|---|---|---|---|
| Single or Head of Household | Income at Max Credit | $8,680 | $13,020 | $18,290 | $18,290 |
| Maximum Credit | $664 | $4,427 | $7,316 | $8,231 | |
| Phaseout Begins | $10,860 | $23,890 | $23,890 | $23,890 | |
| Phaseout Ends (Credit Equals Zero) | $19,540 | $51,593 | $58,629 | $62,974 | |
| Married Filing Jointly | Income at Max Credit | $8,680 | $13,020 | $18,290 | $18,290 |
| Maximum Credit | $664 | $4,427 | $7,316 | $8,231 | |
| Phaseout Begins | $18,140 | $31,160 | $31,160 | $31,160 | |
| Phaseout Ends (Credit Equals Zero) | $26,820 | $58,863 | $65,899 | $70,224 |
2026 Capital Gains Tax Brackets
| For Unmarried Individuals, Taxable Income Over | For Married Individuals Filing Joint Returns, Taxable Income Over | For Heads of Households, Taxable Income Over | |
|---|---|---|---|
| 0% | $0 | $0 | $0 |
| 15% | $49,450 | $98,900 | $66,200 |
| 20% | $545,500 | $613,700 | $579,600 |
2026 Qualified Business Income Deduction Thresholds
| Filing Status | Threshold Amount | Income Where Deduction Limits Completely Phase in |
|---|---|---|
| Unmarried Individuals | $201,775 | $276,775 |
| Married Filing Jointly | $403,500 | $553,500 |
|
2024 Education |
2024 Tax Rates |
|---|---|
|
American Opportunity Credit (per student) |
$2,500 |
|
Lifetime Learning Credit (per return) |
$2,000 |
|
Student Loan Interest Deduction (per return) |
$2,500 |
|
Coverdell Education Savings Account Contribution (per student) |
|
|
2024 Tax Rates – Single Taxpayers Standard Deduction $14,600 |
2023 Rates |
|
10% |
0 to $11,600 |
|
12% |
$11,600 to $47,150 |
|
22% |
$47,150 to $100,525 |
|
24% |
$100,525 to $191,950 |
|
32% |
$191,950 to $243,725 |
|
35% |
$243,725 to $609,350 |
|
37% |
Over $609,350 |
|
2024 Tax Rates – Married Jointly & Surviving Spouses Standard Deduction $29,200 |
|
|
10% |
0 to $23,200 |
|
12% |
$23,201 to $94,300 |
|
22% |
$94,301 to $201,050 |
|
24% |
$201,051 to $383,900 |
|
32% |
$383,901 to $487,450 |
|
35% |
$487,451 to $731,200 |
|
37% |
Over $731,200 |
|
2024 Tax Rates – Married Filing Separately Standard Deduction $14,600 |
|
|
10% |
0 to $11,600 |
|
12% |
$11,600 to $47,150 |
|
22% |
$47,150 to $100,525 |
|
24% |
$100,525 to $191,950 |
|
32% |
$191,950 to $243,725 |
|
35% |
$243,725 to $365,600 |
|
37% |
Over $365,600 |
|
2024 Tax Rates – Head of Household Standard Deduction $21,900 |
|
|
10% |
0 to $16,550 |
|
12% |
$16,550 to $63,100 |
|
22% |
$63,100 to $100,500 |
|
24% |
$100,500 to $191,950 |
|
32% |
$191,950 to $243,725 |
|
35% |
$243,725 to $609,350 |
|
37% |
Over $609,350 |
|
2024 Tax Rates – Estates & Trusts |
|
|
10% |
0 to $3,100 |
|
24% |
$3,100 to $11,150 |
|
35% |
$11,150 to $15,200 |
|
37% |
Over $15,200 |
|
2024 Social Security |
2024 Tax Rates |
|
Social Security Tax Rate: Employers |
6.2% |
|
Social Security Tax Rate: Employees |
6.2% |
|
Social Security Tax Rate: Self-Employed |
12.4% |
|
Maximum earnings subject to Social Security tax |
$168,600 |
|
Maximum earnings subject to Medicare tax |
Unlimited |
|
Medicare Tax Rate: Employers |
1.45% |
|
Medicare Tax Rate: Employees |
1.45% |
|
Medicare tax rate: Self-employed |
2.9% |
|
Additional Medicare tax on FICA wages and self-employment income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
|
Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers) |
3.8% |
|
2024 Miscellaneous |
2024 Tax Rates |
|
Business Section 179 expensing limit |
$1,220,000 |
|
Business Section 179 phaseout threshold |
$3,050,000 |
|
First-year bonus depreciation rate |
60% |
|
Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out |
$191,950 (single and head of household); $383,900 (married filing jointly) |
|
Qualified small-employer Health Reimbursement Arrangement limit |
$6,150 (single coverage); $12,450 (family coverage) |
|
Prior-year safe harbor for estimated taxes of higher-income taxpayers |
110% of 2023 tax liability |
|
Standard mileage rate for business driving |
67 cents |
|
Standard mileage rate for medical driving |
21 cents |
|
Standard mileage rate for moving driving (only members of the Armed Forces on active duty who move because of a permanent change of station) |
21 cents |
|
Standard mileage rate for charitable driving |
14 cents |
|
Child Tax Credit (per child under age 17 at the end of the tax year) |
$2,000 |
|
Unearned income maximum for children under 19 before kiddie tax applies |
$1,300 |
|
Maximum capital gains tax rate for taxpayers with income up to $47,025 for single filers, $94,050 for married filing jointly |
0% |
|
Maximum capital gains tax rate for taxpayers with income $47,025 to $518,900 for single filers, $94,050 to $583,750 for married filing jointly |
15% |
|
Maximum capital gains tax rate for taxpayers with income above $518,900 for single filers, $583,750 for married filing jointly |
20% |
|
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
|
Capital gains tax rate on collectibles |
28% |
|
Maximum contribution for Traditional/Roth IRA |
$7,000 if under age 50/$8,000 if 50 or older |
|
Maximum employee contribution to SIMPLE IRA |
$16,000 if under age 50/$19,500 if 50 or older |
|
Maximum contribution to SEP IRA |
25% of eligible compensation up to $69,000 |
|
2024 Education |
2024 Tax Rates |
|
American Opportunity Credit (per student) |
$2,500 |
|
Lifetime Learning Credit (per return) |
$2,000 |
|
Student Loan Interest Deduction (per return) |
$2,500 |
|
Coverdell Education Savings Account Contribution (per student) |
$2,000 |
|
2024 Standard Meal Rates for Family Child Care Providers for income tax returns |
|
|
Continental U.S. |
2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
|
For each breakfast |
$1.65 |
|
For each lunch or supper |
$3.12 |
|
For each snack (up to 3 per day for each child) |
$0.93 |
|
Alaska |
2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
|
For each breakfast |
$2.63 |
|
For each lunch or supper |
$5.05 |
|
For each snack (up to 3 per day for each child) |
$1.50 |
|
Hawaii |
2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
|
For each breakfast |
$2.12 |
|
For each lunch or supper |
$4.05 |
|
For each snack (up to 3 per day for each child) |
$1.20 |
|
Source: Federal Register |
|
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