Tax Rates

2026 Tax Rates – Single Taxpayers Standard Deduction $16,100 2025 Rates
10%0 to $12,400
12%$12,400 to $50,400
22%$50,400 to $105,700
24%$105,700 to $201,775
32%$201,775 to $256,225
35%$256,225 to $640,600
37%Over $640,600
2026 Tax Rates – Married Jointly & Surviving Spouses Standard Deduction $32,200
10%0 to $24,800
12%$24,800 to $100,800
22%$100,800 to $211,400
24%$211,400 to $403,550
32%$403,550 to $512,450
35%$512,450 to $768,700
37%Over $768,700
2026 Tax Rates – Married Filing Separately Standard Deduction $16,100
10%0 to $12,400
12%$12,400 to $50,400
22%$50,400 to $105,700
24%$105,700 to $201,775
32%$201,775 to $256,225
35%$256,225 to $384,350
37%Over $384,350
2026 Tax Rates – Head of Household Standard Deduction $24,150
10%0 to $17,700
12%$17,700 to $67,450
22%$67,450 to $105,700
24%$105,700 to $201,750
32%$201,750 to $256,200
35%$256,200 to $640,600
37%Over $640,600
2026 Tax Rates – Estates & Trusts
10%0 to $3,300
24%$3,300 to $11,700
35%$11,700 to $16,000
37%Over $16,000
2026 Social Security2026 Tax Rates
Social Security Tax Rate: Employers6.2%
Social Security Tax Rate: Employees6.2%
Social Security Tax Rate: Self-Employed12.4%
Maximum earnings subject to Social Security tax$184,500
Maximum earnings subject to Medicare taxUnlimited
Medicare Tax Rate: Employers1.45%
Medicare Tax Rate: Employees1.45%
Medicare tax rate: Self-employed2.9%
Additional Medicare tax on FICA wages and self-employment income above $200,000 (single filers) or $250,000 (joint filers)0.9%
Net investment income tax on taxpayers with modified adjusted gross income (MAGI) exceeding $200,000 (single filers) or $250,000 (joint filers)3.8%
2026 Miscellaneous2026 Amounts
Business Section 179 expensing limit$2,560,000
Business Section 179 phaseout threshold$4,090,000
First-year bonus depreciation rate100%
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 driving72.5 cents
Standard mileage rate for medical driving20.5 cents
Standard mileage rate for moving driving (only members of the Armed Forces on active duty who move because of a permanent change of station and certain intelligence community members)20.5 cents
Standard mileage rate for charitable driving14 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 jointly0%
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 jointly15%
Maximum capital gains tax rate for taxpayers with income above $545,500 for single filers, $613,700 for married filing jointly20%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% of eligible compensation up to $72,000
2026 Education2026 Limits
American Opportunity Credit (per student)$2,500
Lifetime Learning Credit (per return)$2,000
Student Loan Interest Deduction (per return)$2,500
Coverdell Education Savings Account Contribution (per student)$2,000
2026 Standard Meal Rates for Family Child Care Providers for income tax returns