Us Income Tax Brackets 2016

Congress sets the rates and a baseline income amount that falls into them when a tax law is created or changed.
Us income tax brackets 2016. Where each of these tax brackets began and ended depended on your filing status. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. 10 15 25 28 33 35 or 39 6. Then the internal revenue service adjusts the income brackets each year usually in late october or early november based on inflation.
4 050 head of household 9 300 1 550 married filing separately 6 300 1 250 3 000. 2016 california tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. Here s a look at income tax rates and brackets over the years. The taxes we pay depend on two things.
The amount of tax you owe depends on your income level and filing status. The top marginal income tax rate of 39 6 percent will hit taxpayers with taxable income of 415 050 and higher for single filers and 466 950 and higher for married filers. 2016 federal income tax brackets find out your 2016 federal income tax bracket with user friendly irs tax tables for married individuals filing joint returns heads of households unmarried individuals married individuals filing separate returns and estates and trusts. Taxpayers fall into one of seven 2016 tax brackets depending on their taxable income.
2016 new york tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. 10 15 25 28 33 35 and 39 6. 2016 income tax brackets the federal income tax has 7 brackets. It s important to understand that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate.
Income is divided into tax brackets and a percentage rate applies to each bracket and the corresponding segment of income. 2021 tax rates and income brackets use these. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. These percentage rates began at 10 in 2016 and gradually increased to 15 25 28 33 35 and finally a top rate of 39 6.