TAX RATES – Carroll and Johnston CPA

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2026 TAX RATES

2026 Tax Rates 2025 Tax Rates 2024 Tax Rates 2023 Tax Rates 2022 Tax Rates 2021 Tax Rates 2020 Tax Rates 2019 Tax Rates 2018 Tax Rates

2026 Tax Rates

2026 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$12,400	10%
$12,400	$50,400	12%
$50,400	$105,700	22%
$105,700	$201,775	24%
$201,775	$256,225	32%
$256,225	$640,600	35%
$640,600	no limit	37%

2026 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$24,800	10%
$24,800	$100,800	12%
$100,800	$211,400	22%
$211,400	$403,550	24%
$403,550	$512,450	32%
$512,450	$768,700	35%
$768,700	no limit	37%

2026 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$12,400	10%
$12,400	$50,400	12%
$50,400	$105,700	22%
$105,700	$201,775	24%
$201,775	$256,225	32%
$256,225	$384,350	35%
$384,350	no limit	37%

2026 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$17,700	10%
$17,700	$67,450	12%
$67,450	$105,700	22%
$105,700	$201,750	24%
$201,750	$256,200	32%
$256,200	$640,600	35%
$640,600	no limit	37%

2026 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$3,300	10%
$3,300	$11,700	24%
$11,700	$16,000	35%
$16,000	no limit	37%

Social Security 2026 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	$184,500
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)	0.90%
Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers)	3.8%

2026 Tax Rates Miscellaneous
Business Section 179 expensing limit	$2,560,000
Business Section 179 phaseout threshold	$4,090,000
First-year bonus depreciation rate	100%
Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out	$201,750 (single and head of household); $403,500 (married filing jointly)
Qualified small-employer Health Reimbursement Arrangement limit	$6,450 (single coverage); $13,100 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income taxpayers	110% of 2025 tax liability
Standard mileage rate for business driving	72.5 cents
Standard mileage rate for medical driving	20.5 cents
Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station	20.5 cents
Standard mileage rate for charitable driving	14 cents
Child Tax Credit (per child under age 17 at the end of the tax year)	$2,200
Unearned income maximum for children under 19 before kiddie tax applies	$1,350
Maximum capital gains tax rate for taxpayers with income up to $49,450 for single filers, $98,900 for married filing jointly	0%
Maximum capital gains tax rate for taxpayers with income $49,450 to $545,500 for single filers, $98,900 to $613,700 for married filing jointly	15%
Maximum capital gains tax rate for taxpayers with income above $545,500 for single filers, $613,700 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	$7,500 if under age 50 / $8,600 if 50 or older
Maximum employee contribution to SIMPLE IRA	$17,000 if under age 50 / $21,000 if 50 or older + $1,250 if age 60, 61, 62 or 63
Maximum Contribution to SEP IRA	25% of eligible compensation up to $72,000

Education 2025 Tax Rates
American Opportunity Credit (per student)	$2,500
Lifetime Learning Credit (per return)	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

2025 Tax Rates

2025 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$11,925	10%
$11,925	$48,475	12%
$48,475	$103,350	22%
$103,350	$197,300	24%
$197,300	$250,525	32%
$250,525	$626,350	35%
$626,350	no limit	37%

2025 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$23,850	10%
$23,850	$96,950	12%
$96,950	$206,700	22%
$206,700	$394,600	24%
$394,600	$501,050	32%
$501,050	$751,600	35%
$751,600	no limit	37%

2025 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$11,925	10%
$11,925	$48,475	12%
$48,475	$103,350	22%
$103,350	$197,300	24%
$197,300	$250,525	32%
$250,525	$375,800	35%
$375,800	no limit	37%

2025 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$17,000	10%
$17,000	$64,850	12%
$64,850	$103,350	22%
$103,350	$197,300	24%
$197,300	$250,500	32%
$250,500	$626,350	35%
$626,350	no limit	37%

2025 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$3,150	10%
$3,150	$11,450	24%
$11,450	$15,650	35%
$15,650	no limit	37%

Social Security 2025 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 Taxable Earnings	$176,100
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)	0.90%
Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers)	3.8%

2025 Tax Rates Miscellaneous
Business Section 179 expensing limit	$2,500,000
Business Section 179 phaseout threshold	$4,000,000
First-year bonus depreciation rate	100% (40% if acquired Jan. 1, 2025 - Jan. 18, 2025)
Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out	$197,300 (single and head of household); $394,600 (married filing jointly)
Qualified small-employer Health Reimbursement Arrangement limit	$6,350 (single coverage); $12,800 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income taxpayers	110% of 2024 tax liability
Standard mileage rate for business driving	70 cents
Standard mileage rate for medical driving	21 cents
Standard mileage rate for moving driving - 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)	$2,200
Unearned income maximum for children under 19 before kiddie tax applies	$1,350
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	$16,500 if under age 50 / $20,000 if 50 or older + $1,750 if age 60, 61, 62 or 63
Maximum Contribution to SEP IRA	25% of eligible compensation up to $70,000
Senior deduction for eligible taxpayers age 65 or older	$6,000
Income threshold after which the senior deduction begins to phase out	$75,000 ($150,000 for married filing jointly)
Maximum deduction for qualified tips income	$25,000
Income threshold after which the tips deduction begins to phase out	$150,000 ($300,000 for married filing jointly)
Maximum deduction for qualified overtime compensation	$12,500 ($25,000 for married filing jointly)
Inocme threshold after which the overtime deduction begins to phase out	$150,000 ($300,000 for married filing jointly)
Maximum deduction for qualified passenger vehicle loan interest	$10,000
Income threshold after which the passenger vehicle loan interest deduction begins to phase out	$100,000 ($200,000 for married filing jointly)
Maximum deduction for state and local taxes (SALT)	$40,000
Income threshold after which the maximum SALT deduction is reduced	$500,000

Education 2025 Tax Rates
American Opportunity Credit (per student)	$2,500
Lifetime Learning Credit (per return)	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

2024 Tax Rates

2024 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$11,600	10%
$11,600	$47,150	12%
$47,150	$100,525	22%
$100,525	$191,950	24%
$191,950	$243,725	32%
$243,725	$609,350	35%
$609,350	no limit	37%

2024 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$23,200	10%
$23,200	$94,300	12%
$94,300	$201,050	22%
$201,050	$383,900	24%
$383,900	$487,450	32%
$487,450	$731,200	35%
$731,200	no limit	37%

2024 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$11,600	10%
$11,600	$47,150	12%
$47,150	$100,525	22%
$100,525	$191,950	24%
$191,950	$243,725	32%
$243,725	$365,600	35%
$365,600	no limit	37%

2024 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$16,550	10%
$16,550	$63,100	12%
$63,100	$100,500	22%
$100,500	$191,950	24%
$191,950	$243,725	32%
$243,725	$609,350	35%
$609,350	no limit	37%

2024 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$3,100	10%
$3,100	$11,150	24%
$11,150	$15,200	35%
$15,200	no limit	37%

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 Taxable Earnings	$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)	0.90%
Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers)	3.8%

2024 Tax Rates Miscellaneous
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 - 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

Education 2024 Tax Rates
American Opportunity Credit (per student)	$2,500
Lifetime Learning Credit (per return)	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

2023 Tax Rates

2023 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$11,000	10%
$11,000	$44,725	12%
$44,725	$95,375	22%
$95,375	$182,100	24%
$182,100	$231,250	32%
$231,250	$578,125	35%
$578,125	no limit	37%

2023 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$22,000	10%
$22,000	$89,450	12%
$89,450	$190,750	22%
$190,750	$364,200	24%
$364,200	$462,500	32%
$462,500	$693,750	35%
$693,750	no limit	37%

2023 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$11,000	10%
$11,000	$44,725	12%
$44,725	$95,375	22%
$95,375	$182,100	24%
$182,100	$231,250	32%
$231,250	$346,875	35%
$346,875	no limit	37%

2023 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$15,700	10%
$15,700	$59,850	12%
$59,850	$95,350	22%
$95,350	$182,100	24%
$182,100	$231,250	32%
$231,250	$578,100	35%
$578,100	no limit	37%

2023 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$2,900	10%
$2,900	$10,550	24%
$10,550	$14,450	35%
$14,450	no limit	37%

Social Security 2023 Tax Rates
Social Security Tax Rate: Employers	6.2%
Social Security Tax Rate: Employees	6.2%
Social Security Tax Rate: Self-Employed	15.3%
Maximum Taxable Earnings	$160,200
Medicare Base Salary	Unlimited
Medicare Tax Rate: Employers	1.45%
Medicare Tax Rate: Employees	1.45%
Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)	0.90%
Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)	3.8%

2023 Tax Rates Miscellaneous
Business expensing limit: Cap on equipment purchases	$2,890,000
Business expensing limit: New and Used Equipment and Software	$1,160,000
Qualified Business Income threshold amount:	$182,100 (single and head of household); $364,200 (married filing joint return)
Qualified Small Employer Health Reimbursement Arrangement limit:	$5,850 (single coverage); $11,800 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2022 tax liability
Standard mileage rate for business driving	65.5
Standard mileage rate for medical driving	22
Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station	22
Standard mileage rate for charitable driving	14
Child Tax Credit	$2,000
Unearned income maximum for children under 19 before kiddie tax applies	$1,250
Maximum capital gains tax rate for taxpayers with income up to $44,625 for single filers, $89,250 for married filing jointly	0%
Maximum capital gains tax rate for taxpayers with income $44,625 to $492,300 for single filers, $89,250 to $553,850 for married filing jointly	15%
Maximum capital gains tax rate for taxpayers with income above $492,300 for single filers, $553,850 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	$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 eligible compensation up to $66,000
401(k) maximum employee contribution limit	$22,500 if under age 50 $30,000 if 50 or older
Estate tax exemption	$12,920,000
Annual Exclusion for Gifts	$17,000

Education 2023 Tax Rates
American Opportunity Credit (per student)	$2,500
Lifetime Learning Credit (per return)	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

2022 Tax Rates

2022 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$10,275	10% of the taxable amount
$10,275	$41,775	$1,027.50 plus 12% of the excess over $10,275
$41,775	$89,075	$4,807.50 plus 22% of the excess over $41,775
$89,075	$170,050	$15,213.50 plus 24% of the excess over $89,075
$170,050	$215,950	$34,647.50 plus 32% of the excess over $170,050
$215,950	$539,900	$49,335.50 plus 35% of the excess over $215,950
$539,900	no limit	$162,718.00 plus 37% of the excess over $539,900

2022 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$20,550	10% of the taxable amount
$20,550	$83,550	$2,055.00 plus 12% of the excess over $20,550
$83,550	$178,150	$9,615.00 plus 22% of the excess over $83,550
$178,150	$340,100	$30,427.00 plus 24% of the excess over $178,150
$340,100	$431,900	$69,295.00 plus 32% of the excess over $340,100
$431,900	$647,850	$98,671.00 plus 35% of the excess over $431,900
$647,850	no limit	$174,253.50 plus 37% of the excess over $647,850

2022 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$10,275	10% of the taxable amount
$10,275	$41,775	$1,027.50 plus 12% of the excess over $10,275
$41,775	$89,075	$4,807.50 plus 22% of the excess over $41,775
$89,075	$170,050	$15,213.50 plus 24% of the excess over $89,075
$170,050	$215,950	$34,647.50 plus 32% of the excess over $170,050
$215,950	$323,925	$49,335.50 plus 35% of the excess over $215,950
$323,925	no limit	$87,126.75 plus 37% of the excess over $323,925

2022 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$14,650	10% of the taxable amount
$14,650	$55,900	$1,465.00 plus 12% of the excess over $14,650
$55,900	$89,050	$6,415.00 plus 22% of the excess over $55,900
$89,050	$170,050	$13,708.00 plus 24% of the excess over $89,050
$170,050	$215,950	$33,148.00 plus 32% of the excess over $170,050
$215,950	$539,900	$47,836.00 plus 35% of the excess over $215,950
$539,900	no limit	$161,218.50 plus 37% of the excess over $539,900

2022 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$2,750	10% of the taxable income
$2,750	$9,850	$275 plus 24% of the excess over $2,750
$9,850	$13,450	$1,979 plus 35% of the excess over $9,850
$13,450	no limit	$3,239 plus 37% of the excess over $13,450

Social Security 2022 Tax Rates
Base Salary	$147,000
Social Security Tax Rate	6.20%
Maximum Social Security Tax	$9,114
Medicare Base Salary	unlimited
Medicare Tax Rate	1.45%

Additional Medicare 2022 Tax Rates
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

Education 2022 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Miscellaneous 2022 Tax Rates
Standard Deduction:
Married filing jointly or Qualifying Widow(er)	$25,900
Head of household	$19,400
Single or Married filing separately	$12,950
Business Equipment Expense Deduction	$1,080,000
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2021 tax liability
Standard mileage rate for business driving	58.5 cents
Standard mileage rate for medical/moving driving	18 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 $83,350 for joint filers and surviving spouses, $55,800 for heads of household, $41,675 for single filers, $41,675 for married taxpayers filing separately, and $2,800 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 $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts	15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 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	$14,000 if under age 50 $17,000 if 50 or older
Maximum Contribution to SEP IRA	25% of compensation up to $61,000
401(k) maximum employee contribution limit	$20,500 if under age 50 $27,000 if 50 or older
Self-employed health insurance deduction	100%
Estate tax exemption	$12,060,000
Annual Exclusion for Gifts	$16,000
Foreign Earned Income Exclusion	$112,000

2021 Tax Rates

2021 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$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

2021 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$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

2021 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$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

2021 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$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

2021 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$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

Social Security 2021 Tax Rates
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 2021 Tax Rates
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

Education 2021 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Miscellaneous 2021 Tax Rates
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

2020 Tax Rates

2020 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$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

2020 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$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

2020 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$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

2020 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$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

2020 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$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

Social Security 2020 Tax Rates
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 2020 Tax Rates
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

Education 2020 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Miscellaneous 2020 Tax Rates
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

2019 Tax Rates

2019 TAX RATES SCHEDULE X - SINGLE
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$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

2019 TAX RATES SCHEDULE Y-1 - MARRIED FILING JOINTLY OR QUALIFYING WIDOW(ER)
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$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

2019 TAX RATES SCHEDULE Y-2 - MARRIED FILING SEPARATELY
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$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

2019 TAX RATES SCHEDULE Z - HEAD OF HOUSEHOLD
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$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

2019 TAX RATES ESTATES & TRUSTS
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$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

SOCIAL SECURITY 2019 TAX RATES
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 2019 TAX RATES
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

EDUCATION 2019 CREDIT AND DEDUCTION LIMITS
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

MISCELLANEOUS 2019 TAX RATES
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

2018 Tax Rates

2018 TAX RATES SCHEDULE X - SINGLE
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$0	$9,525	10% of the taxable amount
$9,525	$38,700	$952.50 plus 12% of the excess over $9,525
$38,700	$82,500	$4,453.50 plus 22% of the excess over $38,700
$82,500	$157,500	$14,089.50 plus 24% of the excess over $82,500
$157,500	$200,000	$32,089.50 plus 32% of the excess over $157,500
$200,000	$500,000	$45,689.50 plus 35% of the excess over $200,000
Over $500,000	no limit	$150,689.50 plus 37% of the excess over $500,000

2018 TAX RATES SCHEDULE Y-1 - MARRIED FILING JOINTLY OR QUALIFYING WIDOW(ER)
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$0	$19,050	10% of the taxable amount
$19,050	$77,400	$1,905 plus 12% of the excess over $19,050
$77,400	$165,000	$8,907 plus 22% of the excess over $77,400
$165,000	$315,000	$28,179 plus 24% of the excess over $165,000
$315,000	$400,000	$64,179 plus 32% of the excess over $315,000
$400,000	$600,000	$91,379 plus 35% of the excess over $400,000
$600,000	no limit	$161,379 plus 37% of the excess over $600,000

2018 TAX RATES SCHEDULE Y-2 - MARRIED FILING SEPARATELY
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$0	$9,525	10% of the taxable amount
$9,525	$38,700	$952.50 plus 12% of the excess over $9,525
$38,700	$82,500	$4,453.50 plus 22% of the excess over $38,700
$82,500	$157,500	$14,089.50 plus 24% of the excess over $82,500
$157,500	$200,000	$32,089.50 plus 32% of the excess over $157,500
$200,000	$300,000	$45,689.50 plus 35% of the excess over $200,000
Over $300,000	no limit	$80,689.50 plus 37% of the excess over $300,000

2018 TAX RATES SCHEDULE Z - HEAD OF HOUSEHOLD
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$0	$13,600	10% of the taxable amount
$13,600	$51,800	$1,360 plus 12% of the excess over $13,600
$51,800	$82,500	$5,944 plus 22% of the excess over $51,800
$82,500	$157,500	$12,698 plus 24% of the excess over $82,500
$157,500	$200,000	$30,698 plus 32% of the excess over $157,500
$200,000	$500,000	$44,298 plus 35% of the excess over $200,000
$500,000	no limit	$149,298 plus 37% of the excess over $500,000

2018 TAX RATES ESTATES & TRUSTS
IF TAXABLE INCOME IS OVER	BUT NOT OVER	THE TAX IS
$0	$2,550	10% of the taxable income
$2,550	$9,150	$255 plus 24% of the excess over $2,550
$9,150	$12,500	$1,839 plus 35% of the excess over $9,150
$12,500	no limit	$3,011.50 plus 37% of the excess over $12,500

SOCIAL SECURITY 2018 TAX RATES
Base Salary	$128,400
Social Security Tax Rate	6.20%
Maximum Social Security Tax	$7,960.80
Medicare Base Salary	unlimited
Medicare Tax Rate	1.45%

ADDITIONAL MEDICARE 2018 TAX RATES
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

EDUCATION 2018 CREDIT AND DEDUCTION LIMITS
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

MISCELLANEOUS 2018 TAX RATES
Standard Deduction:
Married filing jointly or Qualifying Widow(er)	$24,000
Head of household	$18,000
Single or Married filing separately	$12,000
Business Equipment Expense Deduction	$1,000,000
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2017 tax liability
Standard mileage rate for business driving	54.5 cents
Standard mileage rate for medical/moving driving	18 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 $77,200 for joint filers and surviving spouses, $51,700 for heads of household, $38,600 for single filers, $38,600 for married taxpayers filing separately, and $2,600 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 $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 for estates and trusts	15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 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	$5,500 if under age 50 $6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA	$12,500 if under age 50 $15,500 if 50 or older
Maximum Contribution to SEP IRA	25% of compensation up to $55,000
401(k) maximum employee contribution limit	$18,500 if under age 50 $24,500 if 50 or older
Self-employed health insurance deduction	100%
Estate tax exemption	$11,180,000
Annual Exclusion for Gifts	$15,000
Foreign Earned Income Exclusion	$104,100

2026 TAX RATES

EVERYONE HAS SINNED

Romans 3:23

PENALTY FOR SIN IS DEATH

Romans 6:23

JESUS DIED FOR SIN

Romans 5:8

WE MUST BELIEVE & CONFESS TO BE SAVED

Romans 10:9-10