Tax Brackets and Federal Income Tax Rates

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Total seven federal income tax brackets, what they are, how they work and how they can affect you.

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taxable income group- $0 to $9,950 tax arrears - 10% of taxable income

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taxable income group- $9,951 to $40,525 tax arrears - $995 plus 12% of the amount over $9,950

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taxable income group- $40,526 to $86,375 tax arrears -$4,664 plus 22% of the amount over $40,525

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taxable income group- $86,376 to $164,925 tax arrears - $14,751 plus 24% of the amount over $86,375

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taxable income group- $164,926 to $209,425 tax arrears -$33,603 plus 32% of the amount over $164,925

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taxable income group- $209,426 to $523,600 tax arrears - $47,843 plus 35% of the amount over $209,425

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taxable income group- $523,601 or more tax arrears - $157,804.25 plus 37% of the amount over $523,600

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Tax Brackets and Federal Income Tax Rates

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