Your marginal income tax rate is the rate you pay on your last dollar of taxable income. It’s based on your taxable income shown in your return, and your filing status. For example, with taxable income of $100,000,
- A single person would have had a Federal marginal rate of 28%.
- A married couple filing jointly would have a marginal rate of 25%.
- A married person filing separately would have a marginal rate of 28%.
- A head of household would have a marginal rate of 25%.
- In each case, most of the taxable income would be taxed at 10% or 15%.
Those who pay state income tax also have a marginal rate. Your overall marginal income tax rate is a combination of both Federal and state rates. Check with your tax advisor.
Taxable income | Marginal tax rate | |
Single | between $0 and $8,925 | 10% |
between $8,925 and $36,250 | 15% | |
between $36,250 and $87,850 | 25% | |
between $87,850 and $183,250 | 28% | |
between $183,250 and $398,350 | 33% | |
between $398,350 and $400,000 | 35% | |
$400,000 and above | 39.6% |
Taxable income | Marginal tax rate | |
Married Filing Jointly or Widow(er) | between $0 and $17,850 | 10% |
between $17,850 and $72,500 | 15% | |
between $72,500 and $146,400 | 25% | |
between $146,400 and $223,050 | 28% | |
between $223,050 and $398,350 | 33% | |
between $398,350 and $450,000 | 35% | |
$450,000 and above | 39.6% |
Taxable income | Marginal tax rate | |
Married Filing Separately | between $0 and $8,925 | 10% |
between $8,925 and $36,250 | 15% | |
between $36,250 and $73,200 | 25% | |
between $73,200 and $111,525 | 28% | |
between $111,525 and $199,175 | 33% | |
between $199,175 and $225,000 | 35% | |
$225,000 and above | 39.6% |
Taxable income | Marginal tax rate | |
Head of Household | between $0 and $12,750 | 10% |
between $12,750 and $48,600 | 15% | |
between $48,600 and $125,450 | 25% | |
between $125,450 and $203,150 | 28% | |
between $203,150 and $398,350 | 33% | |
between $398,350 and $425,000 | 35% | |
$425,000 and above | 39.6% |
Read more about marginal income tax rates
Posted in: Car Donations