tax-bracket-for-2017 Everyone 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
Prashant Thakur

Prashant Thakur

Prashant Thakur is a practicing tax advisor on Income Tax Act of India . He also blogs on US taxation law (IRC) . He has more than 30 years of experience in dealing with tax issues ( 20 years on the other side of the table i.e for Income Tax department) . He has written three books - Tax Evasion Through Shares( 2008 & 2012) , Taxing Question Simple Answer (2013) and Crypto Taxation in USA (2022) . Other than taxation , he has great interest in cloud technology, WordPress and is found of small tech company .
Prashant Thakur
Prashant Thakur
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