IRS Tax Bracket for 2017

tax-bracket-for-2017Everyone needs to file tax return ( unless you fall among those who do not require to file tax return)  after paying tax . For that you need to visit the tax bracket annouced by IRS . This year also , IRS annouced new tax bracket applicable for the year 2017 . Some key provisions and tax rate brackets amounts that have changed or stayed the same for the 2017 tax year are Tax brackets, Standard deduction,Personal exemption,Itemized deductions,alernative minimum tax, Earned Income Tax Credit, Lifetime Learning Credit. …
Adoption Tax Credit. Here is  the new tax bracket for the year 2017

2017 Income Tax Brackets

Here are the new 2017 tax brackets:

Tax Rates Tax Brackets for Single Filer  Tax Brackets for Married Filing Jointly  Tax Brackets for Married Filing Separately Tax Brackets for Head of Household
10% $0-$9,325 $0-$18,650 $0-$9,325 $0-$13,350
15% $9,325-$37,950 $18,650-$75,900 $9,325-$37,950 $13,350-$50,800
25% $37,950-$91,900 $75,900-$153,100 $37,950-$76,550 $50,800-$131,200
28% $91,900-$191,650 $153,100-$233,350 $76,550-$116,675 $131,200-$212,500
33% $191,650-$416,700 $233,350-$416,700 $116,675-$208,350 $212,500-$416,700
35% $416,700-$418,400 $416,700-$470,700 $208,350-$235,350 $416,700-$444,550
39.6% $418,400+ $470,700+ $235,350+ $444,550+

2017 Standard Deductions & Exemptions

 

Filing Status: Deduction Amount:
Single $6,350
Married Filing Separately $6,350
Married Filing Jointly $12,700
Head of Household $9,350
Dependent Exemption $1,050
Personal Exemption $4,050
1 Comment
  1. […] equals or exceeds the exemption amount. So an Individual who has Gross Income of 4050 or more for Tax Year 2017 , he /she needs to file the tax return.I have created an easy calculator way to find out who really […]

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