Tax Rates

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“The hardest thing in the world to understand is the income tax.” — Albert Einstein
 

The following information is provided as a general reference for the 2026 tax year. Tax situations vary, and individual results depend on filing status, income, deductions, and credits.

Standard Deduction: $16,100

• 10%: $0 – $12,400
   
• 12%: $12,400 – $50,400
   
• 22%: $50,400 – $105,700
   
• 24%: $105,700 – $201,775
   
• 32%: $201,775 – $256,225
   
• 35%: $256,225 – $640,600
   
• 37%: Over $640,600

Standard Deduction: $32,200

• 10%: $0 – $24,800
   
• 12%: $24,800 – $100,800
   
• 22%: $100,800 – $211,400
   
• 24%: $211,400 – $403,550
   
• 32%: $403,550 – $512,450
   
• 35%: $512,450 – $768,700
   
• 37%: Over $768,700

 Standard Deduction: $16,100

• 10%: $0 – $12,400
   
• 12%: $12,400 – $50,400
   
• 22%: $50,400 – $105,700
   
• 24%: $105,700 – $201,775
   
• 32%: $201,775 – $256,225
   
• 35%: $256,225 – $384,350
   
• 37%: Over $384,350

 Standard Deduction: $24,150

• 10%: $0 – $17,700
   
• 12%: $17,700 – $67,450
   
• 22%: $67,450 – $105,700
   
• 24%: $105,700 – $201,750
   
• 32%: $201,750 – $256,200
   
• 35%: $256,200 – $640,600
   
• 37%: Over $640,600

• 10%: $0 – $3,300
   
• 24%: $3,300 – $11,700
   
• 35%: $11,700 – $16,000
   
• 37%: Over $16,000

• Social Security tax rate (Employer): 6.2%
   
• Social Security tax rate (Employee): 6.2%
   
• Social Security tax rate (Self-Employed): 12.4%
   
• Maximum earnings subject to Social Security tax: $184,500
   
• Medicare tax rate (Employer): 1.45%
   
• Medicare tax rate (Employee): 1.45%
   
• Medicare tax rate (Self-Employed): 2.9%
   
• Additional Medicare tax on wages/self-employment income over $200,000 (single) or $250,000 (joint): 0.9%
   
• Net investment income tax for taxpayers over $200,000 (single) or $250,000 (joint): 3.8%

• Section 179 expensing limit: $2,560,000
   
• Section 179 phase-out threshold: $4,090,000
   
• Bonus depreciation (first year): 100%
   
• Section 199A income threshold:
  $201,750 (single / head of household)
  $403,500 (married filing jointly)
   
• Qualified Small Employer HRA limit:
  $6,450 (single) | $13,100 (family)
   
• Prior-year estimated tax safe harbor (higher income): 110% of 2025 tax liability

• Business driving: 72.5¢ per mile
   
• Medical driving: 20.5¢ per mile
   
• Moving (qualified military/intelligence): 20.5¢ per mile
   
• Charitable driving: 14¢ per milePrior-year estimated tax safe harbor (higher income): 110% of 2025 tax liability

•  Child Tax Credit (per child under 17): $2,200
   
• Kiddie tax unearned income threshold: $1,350

• 0%: Income up to $49,450 (single) / $98,900 (joint)
   
• 15%: Income up to $545,500 (single) / $613,700 (joint)
   
• 20%: Above those limits
   
• Unrecaptured Section 1250 gains: 25%
   
• Collectibles: 28%

• Traditional / Roth IRA:
  $7,500 (under 50) | $8,600 (50+)
   
• SIMPLE IRA (employee):
  $17,000 (under 50) | $21,000 (50+)
   
• SEP IRA:
  Up to 25% of compensation, max $72,000

• American Opportunity Credit: $2,500 per student
   
• Lifetime Learning Credit: $2,000 per return
   
• Student Loan Interest Deduction: $2,500 per return
   
• Coverdell ESA contribution: $2,000 per student