Personal Exemptions:  $3,650

Basic Standard Deductions:

Married Filing Jointly = $11,400

Single = $5,700

Income Tax Rates applied to Taxable Income

Married Filing Jointly

10% on first $16,700

15% on the next $51,200

25% on the next $69,150

28% on the next $71,800

33% on the next $164,100

35% on all additional income

Single

10% on first $8,350

15% on the next $25,600

25% on the next $48,300

28% on the next $89,300

33% on the next $201,400

35% on all additional incom

Social Security Highlights:

Maximum Earnings Subject to:

Social Security Tax = $106,800

Medicare Tax = No limit

Rate of Tax:

Employee:

Social Security = 6.20%

Medicare Tax = 1.45%

Self Employed:

Social Security = 12.40%

Medicare Tax = 2.90%