The standard deduction is a set amount you can subtract from your income to reduce how much of that income is taxed.

Filing Status: Single

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $11,925	10% of taxable income
$11,925 to $48,475	$1,192.50 + 12% of the amount over $11,925
$48,475 to $103,350	$5,578.50 + 22% of the amount over $48,475
$103,350 to $197,300	$17,651 + 24% of the amount over $103,350
$197,300 to $250,525	$40,199 + 32% of the amount over $197,300
$250,525 to $626,350	$57,231 + 35% of the amount over $250,525
Over $626,350	$188,769.75+ 37% of the amount over $626,350

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $17,000	10% of taxable income
$17,000 to $64,850	$1,700 + 12% of the amount over $17,00
$64,850 to $103,350	$7,442 + 22% of the amount over $64,850
$103,350 to $197,300	$15,912 + 24% of the amount over $103,350
$197,300 to $250,500	$38,460 + 32% of the amount over $197,300
$250,500 to $626,350	$55,484 + 35% of the amount over $250,500
Over $626,350	$187,031,50 + 37% of the amount over $626,350

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $23,850	10% of taxable income
$23,850 to $96,950	$2,385 + 12% of the amount over $23,850
$96,950 to $206,700	$11,157 + 22% of the amount over $96,950
$206,700 to $394,600	$35,302+ 24% of the amount over $206,700
$394,600 to $501,050	$80,398 + 32% of the amount over $394,600
$501,050 to $751,600	$114,462 + 35% of the amount over $501,050
Over $751,600	$202,154.50 + 37% of the amount over $751,600

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
Not over $11,925	10% of taxable income
$11,925 to $48,475	$1,192.50+ 12% of the amount over $11,925
$48,475 to $103,350	$5,578.50 + 22% of the amount over $48,475
$103,350 to $197,300	$17,651 + 24% of the amount over $103,350
$197,300 to $250,525	$40,199 + 32% of the amount over $197,300
$250,525 to $375,800	$57,231 + 35% of the amount over $250,525
Over $375,800	$101,077.25 + 37% of the amount over $375,800

The standard deduction is a set amount you can subtract from your income to reduce how much of that income is taxed. You can think of it as a way to lower part of your income, so you pay less in taxes. Each year, the IRS updates the standard deduction to keep up with inflation, so the benefit tends to increase over time.

Your standard deduction amount usually depends on your tax filing status. For example, if you’re married filing jointly, you'll get a bigger deduction than someone filing as single. And if you’re 65 and older, or if you're blind, you may get a little extra - this is called the "additional standard deduction".

However, if someone else claims you as a dependent (such as your parents), your standard deduction could be much lower than those of other statuses.

FILING STATUS:	STANDARD DEDUCTION:
Married Filing Jointly/Surviving Spouses	$30,000
Heads of Households	$22,500
Single	$15,000
Married Filing Separately	$15,000

An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. If the credit reduces your tax to less than zero, you may get a refund. There are two education credits available: the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).

▎Who can claim an education credit?

There are additional rules for each credit, but you must meet all three of the following for both:

• You, your dependent or a third party pays qualified education expenses for higher education.
• An eligible student must be enrolled at an eligible educational institution.
• The eligible student is yourself, your spouse or a dependent you list on your tax return.

NAME	MAXIMUM CREDIT
American Opportunity Credit (AOTC)	$2,500
Lifetime Learning Credit (LLC)	$2,000
Student Loan Interest Deduction	$2,500

The earned income tax credit subsidizes low-income working families. The credit equals a fixed percentage of earnings from the first dollar of earnings until the credit reaches its maximum. The maximum credit is paid until earnings reach a specified level, after which it declines with each additional dollar of income until no credit is available.

The Earned Income Credit is a tax credit for certain workers whose earned income is below a certain level. Because it is a credit, the earned income credit is subtracted from the amount of tax. Even workers who are not required to file a tax return because their wages are below the minimum income-level requirements to file may be able to receive the credit. They must file a tax return in order to receive the credit, however.

	NUMBER OF QUALIFYING CHILDREN
	One	Two	Three or More	None
Earned Income Amount	$12,730	$17,880	$17,880	$8,490
Maximum Credit Amount	$4,328	$7,152	$8,046	$649
Threshold Phaseout Amount (Married Filing Jointly)	$30,470	$30,470	$30,470	$17,730
Completed Phaseout Amount (Married Filing Jointly)	$57,554	$64,430	$68,675	$26,214
Threshold Phaseout Amount (All other filing statuses)	$23,350	$23,350	$23,350	$10,620
Completed Phaseout Amount (All other filing statuses)	$50,434	$57,310	$61,555	$19,104

The child tax credit (CTC) is a tax benefit that is available to people with dependent children under 17. Eligibility depends on the child's age, the relationship to the caregiver and filing status. The base credit is worth $2,000, but it phases out based on modified adjusted gross income (MAGI) levels, meaning high earners may receive a smaller credit or be ineligible.

As a nonrefundable tax credit, the CTC reduces taxes owed dollar-for-dollar, though some people may qualify for a partial refund. The IRS recently announced the child tax credit amounts for the 2025 tax year, which will apply to taxes filed in April 2026. For 2025, the maximum credit limit remains $2,000, with a maximum refundable portion of $1,700.

The child tax credit income thresholds will also remain the same at $400,000 for those married filing jointly and $200,000 for all other filers.

▎Who qualifies?

You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States.

To be a qualifying child for the 2023 tax year, your dependent generally must:

• Be under age 17 at the end of the year.
• Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew).
• Provide no more than half of their own financial support during the year.
• Have lived with you for more than half the year.
• Be properly claimed as your dependent on your tax return.
• Not file a joint return with their spouse for the tax year or file it only to claim a refund of withheld income tax or estimated tax paid.
• Have been a U.S. citizen, U.S. national or U.S. resident alien.

	MAXIMUM CREDIT
Child Tax Credit	$2,000
Advance CTC (Refundable Portion)	$1,700

Taxpayers who adopted or started the adoption process in 2021 may qualify for the adoption credit. This credit can be applied to international, domestic private, and public foster care adoption. Taxpayers who adopt their spouse's child can't claim this credit.

Here is some basic information to help people understand this credit and if they can claim it when filing their taxes:

• The maximum adoption credit taxpayers can claim on their 2021 tax return is $14,440 per eligible child.
• There are income limits that could affect the amount of the credit
• Taxpayers should complete Form 8839, Qualified Adoption Expenses. They use this form to figure how much credit they can claim on their tax return.
• An eligible child must be younger than 18. If the adopted person is older, they must be unable to physically take care of themselves.
• This credit is non-refundable. This means the amount of the credit is limited to the taxpayer's taxes due for 2021. Any credit leftover from their owed 2021 taxes can be carried forward for up to five years.
• Qualified expenses include:

   - Reasonable and necessary adoption fees.

   - Court costs and legal fees.

   - Adoption related travel expenses like meals and lodging.

   - Other expenses directly related to the legal adoption of an eligible child.

• In some cases, a registered domestic partner may pay the adoption expenses. If they live in a state that allows a same-sex second parent or co-parent to adopt their partner's child, these may also be considered qualified expenses.
• Expenses may also qualify even if the taxpayer pays them before an eligible child is identified. For example, some future adoptive parents pay for a home study at the beginning of the adoption process. These parents can claim the fees as qualified adoption expenses.

NAME	MAXIMUM CREDIT
Adoption Tax Credit	$17,280

The IRS sets annual contribution limits for retirement accounts like 401(k) plans and IRAs to help individuals save for retirement while receiving tax benefits. Contributions to these accounts are often tax-deductible, and the earnings grow tax-deferred until withdrawal.

The 401(k) contribution limit for 2025 is $23,500 for employee salary deferrals, and $70,000 for the combined employee and employer contributions. If you're age 50 to 59 or 64 or older, you're eligible for an additional $7,500 in catch-up contributions. An important note: Beginning in 2025, those between ages 60 and 63 will be eligible to contribute up to $11,250 as a catch-up contribution. This means those 50 to 59 or 64 or older will be able to contribute up to $31,000 in 2025 and those 60 to 63 will be able to contribute up to $34,750 in 2025. Depending on your plan, you may be able to make post-tax contributions beyond the pretax and Roth contribution limit but less than the combined employee and employer contribution limit to invest even more for retirement. Total contributions cannot exceed your annual compensation at the company that sponsors your plan.

NAME	CONTRIBUTION LIMIT
401(k), 403(b), most 457 plans	$23,500
Traditional/ Roth IRAs	$7,000
SIMPLE IRAs	$16,500

Filing Status: Single

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $11,600	10% of taxable income
$11,600 to $47,150	$1,160 + 12% of the amount over $11,600
$47,150 to $100,525	$5,426 + 22% of the amount over $47,150
$100,525 to $191,950	$17,168.50 + 24% of the amount over $100,525
$191,950 to $243,725	$39,110.50 + 32% of the amount over $191,150
$243,725 to $609,350	$55,678.50 + 35% of the amount over $243,725
Over $609,350	$183,647.25+ 37% of the amount over $609,350

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $16,550	10% of taxable income
$16,550 to $63,100	$1,655 + 12% of the amount over $16,550
$63,100 to $100,500	$7,241 + 22% of the amount over $63,100
$100,500 to $191,950	$15,469 + 24% of the amount over $100,500
$191,950 to $243,700	$37,417 + 32% of the amount over $191,150
$243,700 to $609,350	$53,977 + 35% of the amount over $243,700
Over $609,350	$181,954.50 + 37% of the amount over $609,350

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $23,200	10% of taxable income
$23,200 to $94,300	$2,320 + 12% of the amount over $23,200
$93,300 to $201,050	$10,852 + 22% of the amount over $94,300
$201,050 to $383,900	$34,337+ 24% of the amount over $201,050
$383,900 to $487,450	$78,221 + 32% of the amount over $383,900
$487,450 to $731,200	$111,357 + 35% of the amount over $487,450
Over $731,200	$196,669 + 37% of the amount over $731,200

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
Not over $11,600	10% of taxable income
$11,600 to $47,150	$1,160 + 12% of the amount over $11,600
$47,150 to $100,525	$5,426 + 22% of the amount over $47,150
$100,525 to $191,950	$17,168.50 + 24% of the amount over $100,525
$191,950 to $243,725	$39,110.50 + 32% of the amount over $191,150
$243,725 to $365,600	$55,678.50 + 35% of the amount over $243,725
Over $365,600	$98,334.75 + 37% of the amount over $365,600

The Standard Mileage Rate is a rate established by the Internal Revenue Service (IRS) in the United States that taxpayers can use to calculate the deductible costs of operating a vehicle for business, medical, or charitable purposes. Instead of tracking actual expenses such as gas, repairs, and maintenance, taxpayers can multiply the number of miles driven by the standard mileage rate to determine their deduction.

The rate is typically updated annually and can vary based on the purpose of the mileage:

• Business Use: The rate for business miles is generally higher than for medical or charitable miles.
• Medical Use: A different, lower rate applies to miles driven for medical purposes.
• Charitable Use: A specific rate applies to miles driven for charitable activities.

Taxpayers must keep accurate records of the miles driven for each purpose to substantiate their claims. For the most current rates and specific details, it's always best to refer to the IRS website or consult us, as these rates can change from year to year.

USE	RATE
Business	67 cents
Medical Care or Move (Military only)	21 cents
Charitable	14 cents

The Standard Deduction is a fixed dollar amount that reduces the income on which you are taxed. Taxpayers can choose to take the Standard Deduction instead of itemizing their deductions, which means they do not need to list individual expenses to claim deductions. The Standard Deduction simplifies the tax filing process for many individuals.

These amounts may be adjusted for inflation in subsequent years, so it's important to check the IRS guidelines or consult us for the most current information. Certain taxpayers may be eligible for an additional Standard Deduction if they are aged 65 or older or blind. This additional amount varies based on filing status.

Choosing between the Standard Deduction and itemizing deductions depends on which option provides a greater tax benefit. Taxpayers should evaluate their individual circumstances to determine the best choice for their tax situation.

FILING STATUS:	STANDARD DEDUCTION:
Married Filing Jointly/Surviving Spouses	$29,200
Heads of Households	$21,900
Single	$14,600
Married Filing Separately	$14,600

Education credits are tax benefits that help offset the costs of higher education. Two of the most common education credits in the United States are the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). Here’s a brief overview of each:

▎American Opportunity Tax Credit (AOTC)

• Eligibility: The AOTC is available for students who are pursuing a degree or other recognized education credential. It applies to the first four years of higher education.
• Credit Amount: The maximum credit is $2,500 per eligible student. This credit is calculated based on qualified education expenses such as tuition, fees, and course materials.
• Refundable: The AOTC is partially refundable, meaning that if the credit reduces your tax liability to zero, you can receive up to 40% of the remaining credit (up to $1,000) as a refund.
• Income Limits: The credit begins to phase out for modified adjusted gross income (MAGI) above $80,000 ($160,000 for married couples filing jointly).
• Qualified Expenses: Eligible expenses include tuition, fees, and course materials required for attendance at an eligible educational institution.

▎Lifetime Learning Credit (LLC)

• Eligibility: The LLC is available for all years of postsecondary education and for courses to acquire or improve job skills. It is not limited to students pursuing a degree.
• Credit Amount: The maximum credit is $2,000 per tax return, regardless of the number of students in the household.
• Non-Refundable: The LLC is non-refundable, meaning it can reduce your tax liability to zero but will not result in a refund.
• Income Limits: The credit begins to phase out for MAGI above $80,000 ($160,000 for married couples filing jointly).
• Qualified Expenses: Eligible expenses include tuition and fees required for enrollment or attendance at an eligible educational institution.

▎Key Differences

1. Scope: AOTC is limited to the first four years of postsecondary education, while LLC can be claimed for any year of higher education or for courses to acquire or improve job skills.
2. Credit Amount: AOTC offers a higher maximum credit amount per student compared to LLC.
3. Refundability: AOTC is partially refundable, whereas LLC is non-refundable.

Taxpayers can choose to claim either credit but cannot claim both for the same student in the same tax year. It's important to review eligibility criteria and consider which credit provides the greatest benefit based on individual circumstances.

NAME	MAXIMUM CREDIT
American Opportunity Credit (AOTC)	$2,500
Lifetime Learning Credit (LLC)	$2,000
Student Loan Interest Deduction	$2,500

The Earned Income Tax Credit (EITC) is a refundable tax credit in the United States designed to assist low to moderate income working individuals and families, particularly those with children. The EITC aims to reduce poverty and encourage employment by providing financial support to those who earn income through work.

▎Here are some key points about the EITC:

• Eligibility: To qualify for the EITC, taxpayers must meet certain income thresholds, which vary based on filing status and the number of qualifying children. Taxpayers without children may also qualify, but the income limits are generally lower.
• Refundable Credit: The EITC is refundable, meaning that if the credit exceeds the amount of taxes owed, the taxpayer can receive the difference as a refund. This feature makes it particularly beneficial for low-income workers.
• Qualifying Children: The amount of the credit increases with the number of qualifying children. A qualifying child must meet specific criteria related to age, relationship, residency, and joint return status.
• Income Limits: The EITC has specific income limits that are adjusted annually for inflation. These limits determine eligibility and the amount of credit received.
• Filing Requirements: Taxpayers must file a tax return to claim the EITC, even if they are not otherwise required to file due to their income level.
• Impact on Poverty: The EITC has been shown to lift millions of people out of poverty each year, making it one of the largest anti-poverty programs in the United States.

Overall, the EITC serves as an important tool for supporting low-income workers and promoting economic stability for families.

	NUMBER OF QUALIFYING CHILDREN
	One	Two	Three or More	None
Earned Income Amount	$12,390	$17,400	$17,400	$8,260
Maximum Credit Amount	$4,213	$6,960	$7,840	$632
Threshold Phaseout Amount (Married Filing Jointly)	$29,640	$29,640	$29,640	$17,250
Completed Phaseout Amount (Married Filing Jointly)	$56,004	$62,688	$66,819	$25,511
Threshold Phaseout Amount (All other filing statuses)	$22,720	$22,720	$22,720	$10,330
Completed Phaseout Amount (All other filing statuses)	$49,084	$55,768	$59,899	$18,591

The Child Tax Credit (CTC) is a tax benefit provided by the U.S. federal government to help families with dependent children reduce their tax liability. The credit is designed to provide financial support to families, making it easier for them to cover the costs associated with raising children.

▎Key features of the Child Tax Credit include:

• Eligibility: The credit is available to taxpayers who have qualifying dependent children under the age of 17 at the end of the tax year. There are also income limits that determine eligibility.
• Amount: The amount of the credit can vary based on legislation and family circumstances. As of the most recent updates, the American Rescue Plan Act temporarily expanded the CTC for tax year 2021, increasing the credit amount and making it fully refundable for many families.
• Refundability: A refundable credit means that if the amount of the credit exceeds a taxpayer's tax liability, they can receive the difference as a refund. This feature makes the CTC particularly beneficial for low- and moderate-income families.
• Phase-out: The credit begins to phase out for higher-income earners, meaning that the amount of the credit decreases as income exceeds certain thresholds.
• Advance Payments: In 2021, the IRS provided advance payments of the CTC to eligible families, allowing them to receive part of the credit in monthly installments rather than waiting until they filed their tax returns.

It's important for families to check the specific guidelines and amounts applicable for each tax year, as these can change based on new legislation and budgetary decisions.

	MAXIMUM CREDIT
Child Tax Credit	$2,000
Advance CTC (Refundable Portion)	$1,700

The Adoption Tax Credit is a federal tax benefit designed to help offset the costs associated with adopting a child. This credit can provide significant financial assistance to families who are adopting, making the process more affordable and accessible. Here are the key features of the Adoption Tax Credit:

Eligibility: The credit is available to taxpayers who adopt a child, including children from foster care, private adoptions, and international adoptions. However, the credit applies only to qualified adoption expenses incurred during the adoption process.

Qualified Expenses: Eligible expenses that can be claimed under the Adoption Tax Credit include:

• Adoption fees.
• Court costs.
• Attorney fees.
• Travel expenses related to the adoption.
• Other necessary expenses directly related to the adoption process.

Credit Amount: The amount of the Adoption Tax Credit can vary from year to year, as it is subject to inflation adjustments. As of 2023, the maximum credit amount is $15,950 per child. This amount may change in future tax years.

Refundability: The Adoption Tax Credit is non-refundable, meaning it can reduce your tax liability to zero but cannot result in a refund if the credit exceeds your tax liability.

Income Limits: The credit begins to phase out for higher-income earners. Families with modified adjusted gross income above a certain threshold may receive a reduced credit or may not be eligible for the credit at all.

Filing Requirements: To claim the Adoption Tax Credit, taxpayers must complete Form 8839 (Qualified Adoption Expenses) when filing their federal tax return.

Special Provisions for Special Needs Adoptions: For adoptions of children with special needs, the full amount of the Adoption Tax Credit may be available regardless of the actual expenses incurred.

The Adoption Tax Credit is designed to encourage and support families in providing loving homes for children in need, and it can significantly alleviate some of the financial burdens associated with the adoption process. Families considering adoption should consult with a tax professional or financial advisor to understand how to best take advantage of this credit based on their specific circumstances.

NAME	MAXIMUM CREDIT
Adoption Tax Credit	$16,810

A retirement contribution refers to the money that an individual or employer contributes to a retirement savings account or plan to help fund an employee's or individual's retirement. These contributions are essential for building a financial cushion for the future, ensuring that individuals have sufficient resources to support themselves after they stop working. Here are some key aspects of retirement contributions:

▎Types of Retirement Accounts

Employer-Sponsored Plans:

• 401(k) Plans: A common employer-sponsored retirement plan that allows employees to contribute a portion of their salary before taxes. Employers may also match contributions up to a certain percentage.
• 403(b) Plans: Similar to 401(k) plans but designed for employees of non-profit organizations, schools, and certain government entities.

Individual Retirement Accounts (IRAs):

• Traditional IRA: Contributions may be tax-deductible, and taxes are paid upon withdrawal in retirement.
• Roth IRA: Contributions are made with after-tax dollars, and qualified withdrawals in retirement are tax-free.

Other Plans:

• Simple IRA: A retirement plan for small businesses that allows both employer and employee contributions.
• SEP IRA: A Simplified Employee Pension plan for self-employed individuals and small business owners that allows higher contribution limits.

▎Contribution Limits

Each type of retirement account has specific annual contribution limits set by the IRS. These limits can change from year to year and may vary based on factors like age (e.g., catch-up contributions for those 50 and older).

▎Tax Advantages

• Tax Deferral: Contributions to traditional retirement accounts are often made pre-tax, reducing taxable income in the year they are made. Taxes are paid upon withdrawal during retirement.
• Tax-Free Growth: Investments within retirement accounts can grow tax-deferred or tax-free (in the case of Roth accounts), allowing for potentially greater accumulation of wealth over time.

▎Importance of Retirement Contributions

1. Financial Security: Regular contributions help ensure that individuals have enough savings to maintain their standard of living in retirement.
2. Compound Growth: The earlier and more consistently one contributes, the more time their investments have to grow through compounding interest.
3. Employer Matching: Many employers offer matching contributions, which is essentially "free money" that can significantly enhance retirement savings.

NAME	CONTRIBUTION LIMIT
401(k), 403(b), most 457 plans	$23,000
Traditional/ Roth IRAs	$7,000
SIMPLE IRAs	$16,000

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $15,700	10% of taxable income
$15,700 to $59,850	$1,570 + 12% of the amount over $15,700
$59,850 to $95,350	$6,868 + 22% of the amount over $59,850
$95,350 to $182,100	$14,678 + 24% of the amount over $95,350
$182,100 to $231,250	$35,498 + 32% of the amount over $182,100
$231,250 to $578,100	$51,226 + 35% of the amount over $231,250
Over $578,100	$172,623.50 + 37% of the amount over $578,100

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $22,000	10% of taxable income
$22,000 to $89,450	$2,200 + 12% of the amount over $22,000
$89,450 to $190,750	$10,294 + 22% of the amount over $89,450
$190,750 to $364,200	$32,580 + 24% of the amount over $190,750
$364,200 to $462,500	$74,208 + 32% of the amount over $364,200
$462,500 to $693,750	$105,664 + 35% of the amount over $462,500
Over $693,750	$186,601.50 + 37% of the amount over $693,750

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
Not over $11,000	10% of taxable income
$11,000 to $44,725	$1,100 + 12% of the amount over $11,000
$44,725 to $95,375	$5,147 + 22% of the amount over $44,725
$95,375 to $182,100	$16,290 + 24% of the amount over $95,375
$182,100 to $231,250	$37,104 + 32% of the amount over $182,100
$231,250 to $346,875	$52,832 + 35% of the amount over $231,250
Over $346,875	$93,300.75 + 37% of the amount over $346,875

Standard Mileage Rates

USE	RATE
Business	65.5 cents
Medical Care or Move	22 cents
Charitable	14 cents

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $14,650	10% of taxable income
$14,650 to $55,900	$1,465 + 12% of the amount over $14,650
$55,900 to $89,050	$6,415 + 22% of the amount over $55,900
$89,050 to $170,050	$13,708 + 24% of the amount over $89,050
$170,050 to $215,950	$33,148 + 32% of the amount over $170,050
$215,950 to $539,900	$47,836 + 35% of the amount over $215,950
Over $539,900	$161,218.50 + 37% of the amount over $539,900

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $20,550	10% of taxable income
$20,550 to $83,550	$2,055 + 12% of the amount over $20,550
$83,550 to $178,150	$9,615 + 22% of the amount over $83,550
$178,150 to $340,100	$30,427 + 24% of the amount over $178,500
$340,100 to $431,900	$69,295 + 32% of the amount over $340,100
$431,900 to $647,850	$98,671 + 35% of the amount over $431,900
Over $647,850	$174,253.50 + 37% of the amount over $647,850

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $9,700	10% of taxable income
$9,700 to $39,475	$970.00 + 12% of the amount over $9,700
$39,475 to $84,200	$4,543.00 + 22% of the amount over $39,475
$84,200 to $160,725	$14,382.50 + 24% of the amount over $84,200
$160,725 to $204,100	$32,748.50 + 32% of the amount over $160,725
$204,100 to $306,175	$46,628.50 + 35% of the amount over $204,100
Over $306,175	$82,354.75 + 37% of the amount over $306,175

Standard Mileage Rate

USE	RATE
Business	For January 1 through June 30 of this year, the rate is set at 58.5 cents per mile. The rate will then rise to 62.5 cents per mile for the period from July 1 through December 31.
Medical Care or Move	18 cents
Charitable	14 cents

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $14,200	10% of taxable income
$14,200 to $54,200	$1,420 + 12% of the amount over $14,200
$54,200 to $86,350	$6,220 + 22% of the amount over $54,200
$86,350 to $164,900	$13,293 + 24% of the amount over $86,350
$164,900 to $209,400	$32,145 + 32% of the amount over $164,900
$209,400 to $523,600	$46,385 + 35% of the amount over $209,400
Over $523,600	$156,355 + 37% of the amount over $523,600

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $19,900	10% of taxable income
$19,900 to $81,050	$1,990 + 12% of the amount over $19,900
$81,050 to $172,750	$9,328 + 22% of the amount over $81,050
$172,750 to $329,850	$29,502 + 24% of the amount over $172,750
$329,850 to $418,850	$67,206 + 32% of the amount over $329,850
$418,850 to $628,300	$95,686 + 35% of the amount over $418,850
Over $628,300	$168,993.50 + 37% of the amount over $628,300

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $9,950	10% of taxable income
$9,950 to $40,525	$995 + 12% of the amount over $9,950
$40,525 to $86,375	$4,664 + 22% of the amount over $40,525
$86,375 to $164,925	$14,751 + 24% of the amount over $86,375
$164,925 to $209,425	$33,603 + 32% of the amount over $164,925
$209,425 to $314,150	$47,843 + 35% of the amount over $209,425
Over $314,150	$84,496.75 + 37% of the amount over $314,150

Standard Mileage Rate

USE	RATE
Business	56 cents
Medical Care or Move	16 cents
Charitable	14 cents

Filing Status: Head of Household

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $14,100	10% of taxable income
$14,100 to $53,700	$1,410 + 12% of the amount over $14,100
$53,700 to $85,500	$6,162 + 22% of the amount over $53,700
$85,500 to $163,300	$13,158 + 24% of the amount over $85,500
$163,300 to $207,350	$31,830 + 32% of the amount over $163,300
$207,350 to $518,400	$45,926 + 35% of the amount over $207,350
Over $518,400	$154,793.50 + 37% of the amount over $518,400

Filing Status: Married Filing Jointly

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $19,750	10% of taxable income
$19,750 to $80,250	$1,975 + 12% of the amount over $19,750
$80,250 to $171,050	$9,235 + 22% of the amount over $80,250
$171,050 to $326,600	$29,211 + 24% of the amount over $171,050
$326,600 to $414,700	$66,543 + 32% of the amount over $326,600
$414,700 to $622,050	$94,735 + 35% of the amount over $414,700
Over $622,050	$167,307.50 + 37% of the amount over $622,050

Filing Status: Married Filing Separately

IF TAXABLE INCOME IS:	THE TAX IS:
$0 to $9,875	10% of taxable income
$9,875 to $40,125	$987.50 + 12% of the amount over $9,875
$40,125 to $85,525	$4,617.50 + 22% of the amount over $40,125
$85,525 to $163,300	$14,605.50 + 24% of the amount over $85,525
$163,300 to $207,350	$33,271.50 + 32% of the amount over $163,300
$207,350 to $311,025	$47,367.50 + 35% of the amount over $207,350
Over $311,025	$83,653.75 + 37% of the amount over $311,025

Standard Mileage Rate

USE	RATE
Business	57.5 cents
Medical Care or Move	17 cents
Charitable	14 cents