Tax Rates

$0

$11,000

10% of the taxable amount

$11,000

$44,725

$1,100.00 plus 12% of the excess over $11,000

$44,725

$95,375

$5,147.00 plus 22% of the excess over $44,725

$95,375

$182,100

$16,290.00 plus 24% of the excess over $95,375

$182,100

$231,250

$37,104.00 plus 32% of the excess over $182,100

$231,250

$578,125

$52,832.00 plus 35% of the excess over $231,250

$578,125

no limit

$174,238.25 plus 37% of the excess over $578,125

$0

$22,000

10% of the taxable amount

$22,000

$89,450

$2,200.00 plus 12% of the excess over $22,000

$89,450

$190,750

$10,294.00 plus 22% of the excess over $89,450

$190,750

$364,200

$32,580.00 plus 24% of the excess over $190,750

$364,200

$462,500

$74,208.00 plus 32% of the excess over $364,200

$462,500

$693,750

$105,664.00 plus 35% of the excess over $462,500

$693,750

no limit

$186,601.50 plus 37% of the excess over $693,750

$0

$11,000

10% of the taxable amount

$11,000

$44,725

$1,100.00 plus 12% of the excess over $11,000

$44,725

$95,375

$5,147.00 plus 22% of the excess over $44,725

$95,375

$182,100

$16,290.00 plus 24% of the excess over $95,375

$182,100

$231,250

$37,104.00 plus 32% of the excess over $182,100

$231,250

$346,875

$52,832.00 plus 35% of the excess over $231,250

$346,875

no limit

$93,300.75 plus 37% of the excess over $346,875

$0

$15,700

10% of the taxable amount

$15,700

$59,850

$1,570.00 plus 12% of the excess over $15,700

$59,850

$95,350

$6,868.00 plus 22% of the excess over $59,850

$95,350

$182,100

$14,678.00 plus 24% of the excess over $95,350

$182,100

$231,250

$35,498.00 plus 32% of the excess over $182,100

$231,250

$578,125

$51,226.00 plus 35% of the excess over $231,250

$578,125

no limit

$172,623.50 plus 37% of the excess over $578,125

$0

$2,900

10% of the taxable income

$2,900

$10,550

$290 plus 24% of the excess over $2,900

$10,550

$14,450

$2,126 plus 35% of the excess over $10,550

$14,450

no limit

$3,491 plus 37% of the excess over $14,450

Base Salary

$160,200

Social Security Tax Rate

6.20%

Maximum Social Security Tax

$9,932.40

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax

0.90%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

American Opportunity Tax Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Deduction:

• Married filing jointly or Qualifying Widow(er)

$27,700

• Head of household

$20,800

• Single or Married filing separately

$13,850

Business Equipment Expense Deduction

$1,160,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2022 tax liability

Standard mileage rate for business driving

65.5 cents

Standard mileage rate for medical/moving driving

22 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$2,000 per qualifying child

Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $89,250 for joint filers and surviving spouses, $59,750 for heads of household, $44,625 for single filers, $44,625 for married taxpayers filing separately, and $3,000 for estates and trusts

0%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $553,850 for joint filers and surviving spouses, $523,050 for heads of household, $492,300 for single filers, $276,900 for married taxpayers filing separately, and $14,650 for estates and trusts

15%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $553,850 for joint filers and surviving spouses, $523,050 for heads of household, $492,300 for single filers, $276,900 for married taxpayers filing separately, and $14,650 for estates and trusts

20%

Long-term gain attributable to certain depreciation recapture

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$6,500 if under age 50
$7,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$15,500 if under age 50
$19,000 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $66,000

401(k) maximum employee contribution limit

$22,500 if under age 50
$30,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$12,920,000

Annual Exclusion for Gifts

$17,000

Foreign Earned Income Exclusion

$120,000

$0

$9,950

10% of the taxable amount

$9,950

$40,525

$995 plus 12% of the excess over $9,950

$40,525

$86,375

$4,664 plus 22% of the excess over $40,525

$86,375

$164,925

$14,751 plus 24% of the excess over $86,375

$164,925

$209,425

$33,603 plus 32% of the excess over $164,925

$209,425

$523,600

$47,843 plus 35% of the excess over $209,425

$523,600

no limit

$157,804.25 plus 37% of the excess over $523,600

$0

$19,900

10% of the taxable amount

$19,990

$81,050

$1,990 plus 12% of the excess over $19,990

$81,050

$172,750

$9,328 plus 22% of the excess over $81,050

$172,750

$329,850

$29,502 plus 24% of the excess over $172,750

$329,850

$418,850

$67,206 plus 32% of the excess over $329,850

$418,850

$628,300

$95,686 plus 35% of the excess over $418,850

$628,300

no limit

$168,993.50 plus 37% of the excess over $628,300

$0

$9,950

10% of the taxable amount

$9,950

$40,525

$995 plus 12% of the excess over $9,950

$40,525

$86,375

$4,664 plus 22% of the excess over $40,525

$86,375

$164,925

$14,751 plus 24% of the excess over $86,375

$164,925

$209,425

$33,603 plus 32% of the excess over $164,925

$209,425

$314,150

$47,843 plus 35% of the excess over $209,425

$314,150

no limit

$84,496.75 plus 37% of the excess over $314,150

$0

$14,200

10% of the taxable amount

$14,200

$54,200

$1,420 plus 12% of the excess over $14,200

$54,200

$86,350

$6,220 plus 22% of the excess over $54,200

$86,350

$164,900

$13,293 plus 24% of the excess over $86,350

$164,900

$209,400

$32,145 plus 32% of the excess over $164,900

$209,400

$523,600

$46,385 plus 35% of the excess over $209,400

$523,600

no limit

$156,355 plus 37% of the excess over $523,600

$0

$2,650

10% of the taxable income

$2,650

$9,550

$265 plus 24% of the excess over $2,650

$9,550

$13,050

$1,921 plus 35% of the excess over $9,550

$13,050

no limit

$3,146 plus 37% of the excess over $13,050

Base Salary

$142,800

Social Security Tax Rate

6.20%

Maximum Social Security Tax

$8,853.60

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax

0.90%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

American Opportunity Tax Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Deduction:

• Married filing jointly or Qualifying Widow(er)

$25,100

• Head of household

$18,800

• Single or Married filing separately

$12,550

Business Equipment Expense Deduction

$1,050,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2020 tax liability

Standard mileage rate for business driving

56 cents

Standard mileage rate for medical/moving driving

16 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$2,000 per qualifying child

Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $80,800 for joint filers and surviving spouses, $54,100 for heads of household, $40,400 for single filers, $40,400 for married taxpayers filing separately, and $2,700 for estates and trusts

0%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts

15%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts

20%

Long-term gain attributable to certain depreciation recapture

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$6,000 if under age 50
$7,000 if 50 or older

Maximum employee contribution to SIMPLE IRA

$13,500 if under age 50
$16,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $58,000

401(k) maximum employee contribution limit

$19,500 if under age 50
$26,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$11,700,000

Annual Exclusion for Gifts

$15,000

Foreign Earned Income Exclusion

$108,700

$0

$9,875

10% of the taxable amount

$9,875

$40,125

$987.50 plus 12% of the excess over $9,875

$40,125

$85,525

$4,617.50 plus 22% of the excess over $40,125

$85,525

$163,300

$14,605.50 plus 24% of the excess over $85,525

$163,300

$207,350

$33,271.50 plus 32% of the excess over $163,300

$207,350

$518,400

$47,367.50 plus 35% of the excess over $207,350

$518,400

no limit

$156,235.00 plus 37% of the excess over $518,400

$0

$19,750

10% of the taxable amount

$19,750

$80,250

$1,975.00 plus 12% of the excess over $19,750

$80,250

$171,050

$9,235.00 plus 22% of the excess over $80,250

$171,050

$326,600

$29,211.00 plus 24% of the excess over $171,050

$326,600

$414,700

$66,543.00 plus 32% of the excess over $326,600

$414,700

$622,050

$94,735.00 plus 35% of the excess over $414,700

$622,050

no limit

$167,307.50 plus 37% of the excess over $622,050

$0

$9,875

10% of the taxable amount

$9,875

$40,125

$987.50 plus 12% of the excess over $9,875

$40,125

$85,525

$4,617.50 plus 22% of the excess over $40,125

$85,525

$163,300

$14,605.50 plus 24% of the excess over $85,525

$163,300

$207,350

$33,271.50 plus 32% of the excess over $163,300

$207,350

$311,025

$47,367.50 plus 35% of the excess over $207,350

$311,025

no limit

$83,653.75 plus 37% of the excess over $311,025

$0

$14,100

10% of the taxable amount

$14,100

$53,700

$1,410.00 plus 12% of the excess over $14,100

$53,700

$85,500

$6,162.00 plus 22% of the excess over $53,700

$85,500

$163,300

$13,158.00 plus 24% of the excess over $85,500

$163,300

$207,350

$31,830.00 plus 32% of the excess over $163,300

$207,350

$518,400

$45,926.00 plus 35% of the excess over $207,350

$518,400

no limit

$154,793.50 plus 37% of the excess over $518,400

$0

$2,600

10% of the taxable income

$2,600

$9,450

$260.00 plus 24% of the excess over $2,600

$9,450

$12,950

$1,904.00 plus 35% of the excess over $9,450

$12,950

no limit

$3,129.00 plus 37% of the excess over $12,950

Base Salary

$137,700

Social Security Tax Rate

6.20%

Maximum Social Security Tax

$8,537.40

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax

0.90%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

American Opportunity Tax Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Deduction:

• Married filing jointly or Qualifying Widow(er)

$24,800

• Head of household

$18,650

• Single or Married filing separately

$12,400

Business Equipment Expense Deduction

$1,040,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2019 tax liability

Standard mileage rate for business driving

57.5 cents

Standard mileage rate for medical/moving driving

17 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$2,000 per qualifying child

Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $80,000 for joint filers and surviving spouses, $53,600 for heads of household, $40,000 for single filers, $40,000 for married taxpayers filing separately, and $2,650 for estates and trusts

0%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $496,600 for joint filers and surviving spouses, $469,050 for heads of household, $441,450 for single filers, $248,300 for married taxpayers filing separately, and $13,150 for estates and trusts

15%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $496,600 for joint filers and surviving spouses, $469,050 for heads of household, $441,450 for single filers, $248,300 for married taxpayers filing separately, and $13,150 for estates and trusts

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$6,000 if under age 50
$7,000 if 50 or older

Maximum employee contribution to SIMPLE IRA

$13,500 if under age 50
$16,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $57,000

401(k) maximum employee contribution limit

$19,500 if under age 50
$26,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$11,580,000

Annual Exclusion for Gifts

$15,000

Foreign Earned Income Exclusion

$107,600

$0

$9,700

10% of the taxable amount

$9,700

$39,475

$970.00 plus 12% of the excess over $9,700

$39,475

$84,200

$4,543.00 plus 22% of the excess over $39,475

$84,200

$160,725

$14,382.50 plus 24% of the excess over $84,200

$160,725

$204,100

$32,748.50 plus 32% of the excess over $160,725

$204,100

$510,300

$46,628.50 plus 35% of the excess over $204,100

$510,300

no limit

$153,798.50 plus 37% of the excess over $510,300

$0

$19,400

10% of the taxable amount

$19,400

$78,950

$1,940.00 plus 12% of the excess over $19,400

$78,950

$168,400

$9,086.00 plus 22% of the excess over $78,950

$168,400

$321,450

$28,765.00 plus 24% of the excess over $168,400

$321,450

$408,200

$65,497.00 plus 32% of the excess over $321,450

$408,200

$612,350

$164,709.50 plus 35% of the excess over $408,200

$612,350

no limit

$153,798.50 plus 37% of the excess over $612,350

$0

$9,700

10% of the taxable amount

$9,700

$39,475

$970.00 plus 12% of the excess over $9,700

$39,475

$84,200

$4,543.00 plus 22% of the excess over $39,475

$84,200

$160,725

$14,382.50 plus 24% of the excess over $84,200

$160,725

$204,100

$32,748.50 plus 32% of the excess over $160,725

$204,100

$306,175

$46,628.50 plus 35% of the excess over $204,100

$306,175

no limit

$82,354.75 plus 37% of the excess over $306,175

$0

$13,850

10% of the taxable amount

$13,850

$52,850

$1,385.00 plus 12% of the excess over $13,850

$52,850

$84,200

$6,065.00 plus 22% of the excess over $52,850

$84,200

$160,700

$12,962.00 plus 24% of the excess over $84,200

$160,700

$204,100

$31,322.00 plus 32% of the excess over $160,700

$204,100

$510,300

$45,210.00 plus 35% of the excess over $204,100

$510,300

no limit

$152,380.00 plus 37% of the excess over $510,300

$0

$2,600

10% of the taxable income

$2,600

$9,300

$260.00 plus 24% of the excess over $2,600

$9,300

$12,750

$1,868.00 plus 35% of the excess over $9,300

$12,750

no limit

$3,075.50 plus 37% of the excess over $12,750

Base Salary

$132,900

Social Security Tax Rate

6.20%

Maximum Social Security Tax

$8,239.80

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax

0.90%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

American Opportunity Tax Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Deduction:

• Married filing jointly or Qualifying Widow(er)

$24,400

• Head of household

$18,350

• Single or Married filing separately

$12,200

Business Equipment Expense Deduction

$1,020,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2018 tax liability

Standard mileage rate for business driving

58 cents

Standard mileage rate for medical/moving driving

20 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$2,000 per qualifying child

Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $78,750 for joint filers and surviving spouses, $52,750 for heads of household, $39,375 for single filers, $39,375 for married taxpayers filing separately, and $2,650 for estates and trusts

0%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts

15%

Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$6,000 if under age 50
$7,000 if 50 or older

Maximum employee contribution to SIMPLE IRA

$13,000 if under age 50
$16,000 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $55,000

401(k) maximum employee contribution limit

$19,000 if under age 50
$25,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$11,400,000

Annual Exclusion for Gifts

$15,000

Foreign Earned Income Exclusion

$105,900