{"id":2563,"date":"2018-08-21T14:24:40","date_gmt":"2018-08-21T14:24:40","guid":{"rendered":"https:\/\/scrantonfg.com\/?page_id=2563"},"modified":"2021-10-26T15:51:49","modified_gmt":"2021-10-26T19:51:49","slug":"tax-rates","status":"publish","type":"page","link":"https:\/\/scrantonfg.com\/tax-rates\/","title":{"rendered":"Tax Rates"},"content":{"rendered":"

[vc_section][vc_row][vc_column]

Source: Gallup, 2016.<\/span>

According to one survey, 57% of Americans say they pay too much in income taxes.<\/h3><\/div>[vc_column_text]These figures are for the 2021 tax year. Find your tax rate below.<\/p>\n

Schedule X \u2013 Single<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
If taxable income is over:<\/th>\nBut not over:<\/th>\nThe tax is:<\/th>\n<\/tr>\n<\/thead>\n
$0<\/td>\n$9,950<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
$9,951<\/td>\n$40,525<\/td>\n$952.50 plus 12% of the amount over $9,525<\/td>\n<\/tr>\n
$40,526<\/td>\n$86,375<\/td>\n$4,453.50 plus 22% of the amount over $38,700<\/td>\n<\/tr>\n
$86,376<\/td>\n$164,925<\/td>\n$14,089.50 plus 24% of the amount over $82,500<\/td>\n<\/tr>\n
$164,926<\/td>\n$209,425<\/td>\n$32,089.50 plus 32% of the amount over $157,500<\/td>\n<\/tr>\n
$209,426<\/td>\n$523,600<\/td>\n$45,689.50 plus 35% of the amount over $200,000<\/td>\n<\/tr>\n
$523,601<\/td>\nno limit<\/td>\n$150,689.50 plus 37% of the amount over $500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule Y-1 \u2013 Married Filing Jointly or Qualifying Widow(er)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
If taxable income is over:<\/th>\nBut not over:<\/th>\nThe tax is:<\/th>\n<\/tr>\n<\/thead>\n
$0<\/td>\n$19,900<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
$19,901<\/td>\n$81,050<\/td>\n$1,905.00 plus 12% of the amount over $19,050<\/td>\n<\/tr>\n
$81,051<\/td>\n$172,750<\/td>\n$8,907.00 plus 22% of the amount over $77,400<\/td>\n<\/tr>\n
$172,751<\/td>\n$329,850<\/td>\n$28,179.00 plus 24% of the amount over $165,000<\/td>\n<\/tr>\n
$329,851<\/td>\n$418,850<\/td>\n$64,179.00 plus 32% of the amount over $315,000<\/td>\n<\/tr>\n
$418,851<\/td>\n$628,300<\/td>\n$91,379.00 plus 35% of the amount over $400,000<\/td>\n<\/tr>\n
$628,301<\/td>\nno limit<\/td>\n$161,379.00 plus 37% of the amount over $600,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule Y-2 \u2013 Married Filing Separately<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
If taxable income is over:<\/th>\nBut not over:<\/th>\nThe tax is:<\/th>\n<\/tr>\n<\/thead>\n
$0<\/td>\n$9,950<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
$9,951<\/td>\n$40,525<\/td>\n$952.50 plus 12% of the amount over $9,525<\/td>\n<\/tr>\n
$40,526<\/td>\n$86,375<\/td>\n$4,453.50 plus 22% of the amount over $38,700<\/td>\n<\/tr>\n
$86,376<\/td>\n$164,925<\/td>\n$14,089.50 plus 24% of the amount over $82,500<\/td>\n<\/tr>\n
$164,926<\/td>\n$209,425<\/td>\n$32,089.50 plus 32% of the amount over $157,500<\/td>\n<\/tr>\n
$209,426<\/td>\n$314,150<\/td>\n$45,689.50 plus 35% of the amount over $200,000<\/td>\n<\/tr>\n
$314,150<\/td>\nno limit<\/td>\n$80,689.50 plus 37% of the amount over $300,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Schedule Z \u2013 Head of Household<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
If taxable income is over:<\/th>\nBut not over:<\/th>\nThe tax is:<\/th>\n<\/tr>\n<\/thead>\n
$0<\/td>\n$14,200<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
$14,201<\/td>\n$54,201<\/td>\n$1,360.00 plus 12% of the amount over $13,600<\/td>\n<\/tr>\n
$54,201<\/td>\n$86,350<\/td>\n$5,944.00 plus 22% of the amount over $51,800<\/td>\n<\/tr>\n
$86,351<\/td>\n$164,900<\/td>\n$12,698.00 plus 24% of the amount over $82,500<\/td>\n<\/tr>\n
$164,901<\/td>\n$209,400<\/td>\n$30,698.00 plus 32% of the amount over $157,500<\/td>\n<\/tr>\n
$209,401<\/td>\n$523,600<\/td>\n$44,298.00 plus 35% of the amount over $200,000<\/td>\n<\/tr>\n
$523,601<\/td>\nno limit<\/td>\n$149,298.00 plus 37% of the amount over $500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Internal Revenue Service, 2018[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_section][vc_row][vc_column][vc_column_text]These figures are for the 2021 tax year. Find your tax rate below. Schedule X \u2013 Single If taxable income is over: But not over: The tax is: $0 $9,950 […]<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":0,"menu_order":46,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/pages\/2563"}],"collection":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/comments?post=2563"}],"version-history":[{"count":2,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/pages\/2563\/revisions"}],"predecessor-version":[{"id":3375,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/pages\/2563\/revisions\/3375"}],"wp:attachment":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/media?parent=2563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}