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2016 Income Tax Brackets (Marginal Tax Rates)

2014 marginal tax ratesHere are charts showing federal income tax brackets, or marginal tax rates, per the United States tax code for 2016, 2015, and 2014. The 2016 tax brackets apply to money earned in 2016 and for taxes filed in 2017. For the rates you will pay when file your taxes in April 2016, use the 2015 tax brackets.

2016 Income Tax Brackets

Rate Single Married (Joint) Head of Household
10% $0 – $9,275 $0 – $18,550 $0 – $13,250
15% $9,276 – $37,650 $18,551 – $75,300 $13,251 – $50,400
25% $37,651 – $91,150 $75,301 – $151,900 $50,401 – $130,150
28% $90,151 – $190,150 $151,901 – $231,450 $130,151 – $210,800
33% $190,151 – $413,350 $231,451 – $413,350 $210,801 – $413,350
35% $413,350 – $415,050 $413,501 – $466,950 $413,351 – $441,000
39.6% $415,051 & up $466,950 & up $441,001 & up

2015 Income Tax Brackets

Rate Single Married (Joint) Head of Household
10% $0 – $9,225 $0 – $18,450 $0 – $13,150
15% $9,225 – $37,450 $18,450 – $74,900 $13,150 – $50,200
25% $37,450 – $90,750 $74,900 – $151,200 $50,200 – $129,600
28% $90,750 – $189,300 $151,200 – $230,450 $129,600 – $209,850
33% $189,300 – $411,500 $230,450 – $411,500 $209,850 – $411,500
35% $411,500 – $413,200 $411,500 – $464,850 $411,500 – $439,000
39.6% $413,200 & up $464,850 & up $439,000 & up

2014 Income Tax Brackets

Rate Single Married (Joint) Head of Household
10% $0 – $9,075 $0 – $18,150 $0 – $12,950
15% $9,075 – $36,900 $18,150 – $73,800 $12,950 – $49,400
25% $36,900 – $89,350 $73,800 – $148,850 $49,400 – $127,550
28% $89,350 – $186,350 $148,850 – $226,850 $127,550 – $206,600
33% $186,350 – $405,100 $226,850 – $405,100 $206,600 – $405,100
35% $405,100 – 406,750 $405,100- $457,600 $405,100 – $432,200
39.6% $406,750 & up $457,600 & up $432,200 & up

These income tax brackets dictate how much federal income tax you will pay when you file your tax returns this April. Remember, however, that these are marginal tax rates. That means that the highest rate applies only to money you earn above and beyond the upper limit of the lower rate.

An example of marginal tax rates work: If you are a single filer and earned $40,000 in 2014, you will pay 10 percent on the first $9,075, 15 percent on the next $27,825 and 25 percent on the remaining $3,100. This gives you a total tax liability of $5,856.25.