Tax Rates

2016 Projected Tax Rates & Tax Brackets

The IRS has not released the final 2016 tax brackets yet; here are the projected federal 2016 tax tables:

Tax Rate Single Married Filing Joint Married Filing Separate Head of Household
10% Up to $9,250 Up to $18,475 Up to $9,250 Up to $13,175
15% $9,251 – $37,500 $18,476 – $74,975 $9,251 – $37,500 $13,176 – $50,250
25% $37,501 – $90,850 $74,976 – $151,375 $37,501 – $75,700 $50,251 – $129,750
28% $90,851 – $189,500 $151,376 – $230,700 $75,701 – $115,350 $129,751 – $210,100
33% $189,501 – $412,000 $230,701 – $412,000 $115,351 – $206,000 $210,101 – $412,000
35% $412,001 – $413,650 $412,001 – $465,350 $206,001 – $232,675 $412,001 – $439,500
39.6% Over $413,650 Over $465,350 Over $232,675 Over $439,500

2015 Tax Rates & Tax Brackets

Tax Rate Single Married Filing Joint Married Filing Separate Head of Household
10% Up to $9,225 Up to $18,450 Up to $9,225 Up to $13,150
15% $9,226 – $37,450 $18,451 – $74,900 $9,226 – $37,450 $13,151 – $50,200
25% $37,451 – $90,750 $74,901 – $151,200 $37,451 – $75,600 $50,201 – $129,600
28% $90,751 – $189,300 $151,201 – $230,450 $75,601 – $115,225 $129,601 – $209,850
33% $189,301 – $411,500 $230,451 – $411,500 $115,226 – $205,750 $209,851 – $411,500
35% $411,501 – $413,200 $411,501 – $464,850 $205,751 – $232,425 $411,501 – $439,000
39.6% Over $413,200 Over $464,850 Over $232,425 Over $439,000

Standard Mileage Rates

The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.

Rates in cents per mile
Period Business Charity Medical
Moving
Source
2016 54 14 19 IR-2015-137
2015 57.5 14 23 IR-2014-114
2014 56 14 23.5 IR-2013-95
2013 56.5 14 24 IR-2012-95
2012 55.5 14 23 IRB-2012-02
July 1 – Dec. 31, 2011 55.5 14 23.5 IR-2011-69
Jan. 1 – June 30, 2011 51 14 19 IR-2010-119
2010 50 14 16.5 IR-2009-111
2009 55 14 24 IR-2008-131
July 1 – Dec. 31, 2008 58.5 14 27 IR-2008-82
Jan. 1 – June 30, 2008 50.5 14 19 IR-2007-192
2007 48.5 14 20 IR-2006-168
2006 44.5 14 18 IR-2005-138
2005 40.5 14 15 IR-2004-139
Pub. L. 109-73
IR-2005-99
2004 37.5 14 14 IR-2003-121
2003 36 14 12 Rev. Proc. 2002-61
2002 36.5 14 13 Rev. Proc. 2001-54
2001 34.5 14 12 Rev. Proc. 2000-48
2000-2 C.B. 570
2000 32.5 14 10 Rev. Proc. 99-38
1999-2 C.B. 525
1999 31 14 10 Announcement 99-7
1999-1 C.B. 306
Rev. Proc. 98-63
1998-2 C.B. 818
1998 32.5 14 10 Rev. Proc. 97-58
1997-2 C.B. 587
1997 31.5 12 10 Rev. Proc. 96-63
1996-2 C.B. 420

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