Understand Your Tax Rate

2026 Tax Rates – Single Taxpayers – Standard Deduction $16,100

10%0 to $12,400
12%$12,401 to $50,400
22%$50,401 to $105,700
24%$105,701 to $201,775
32%$201,776 to $256,225
35%$256,225 to $640,600
37%Over $640,600

2026 Tax Rates – Married Jointly and Surviving Spouses – Standard Deduction $32,200

10%0 to $24,800
12%$24,801 to $100,800
22%$100,801 to $211,400
24%$211,401 to $403,550
32%$403,551 to $512,450
35%$512,451 to $768,700
37%Over $768,700

2026 Tax Rates – Married Filing Separately – Standard Deduction $16,100

10%0 to $12,400
12%$12,401 to $50,400
22%$50,401 to $105,700
24%$105,701 to $201,775
32%$201,776 to $256,225
35%$256,226 to $640,600
37%Over $640,600

2026 Tax Rates – Head of Household – Standard Deduction $24,150

10%0 to $17,700
12%$17,701 to $67,450
22%$67,451 to $105,700
24%$105,701 to $201,775
32%$201,776 to $256,200
35%$256,201 to $640,600
37%Over $640,600

2026 Tax Rates – Estates & Trusts

10%0 to $3,300
24%$3,301 to $11,700
35%$11,700 to $16,000
37%Over $16,000

2026 Tax Rates – Social Security

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 grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers)3.8%

2026 Tax Rates – Miscellaneous

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$201,775 (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 driving110% 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)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 $49,449 for single filers, $ 98,899 for married filing jointly0%
Maximum capital gains tax rate for taxpayers with income $49,450 to $545,499 for single filers, $98,900 to $613,699 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%
Maximum contribution for Traditional/Roth IRA$7,500 if under age 50
$8,600 if 50 or older
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
Maximum employee contribution to SIMPLE IRA$17,000 if under age 50
$21,000 if 50 or older
Maximum contribution to SEP IRA25% of eligible compensation up to $72,000

2026 Tax Rates – Education

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

Standard Meal Rates for Family Child Care Providers for income tax return

Continental U.S. – 2025-26 Tax Rates (July 1, 2025-June 30, 2026)

For each breakfast$1.70
For each lunch or supper$3.22
For each snack (up to 3 per day for each child)$0.96

Alaska – 2025-26 Tax Rates (July 1, 2025-June 30, 2026)

For each breakfast$2.72
For each lunch or supper$5.22
For each snack (up to 3 per day for each child)$1.55

Hawaii – 2025-26 Tax Rates (July 1, 2025-June 30, 2026)

For each breakfast$2.19
For each lunch or supper$4.18
For each snack (up to 3 per day for each child)$1.24

Source: Federal Register