What Are the Tax Brackets in the United States?

Many people hear discussion of the tax brackets in the United States but aren’t exactly sure of what are the tax brackets. The first way to look at the tax brackets is to look at the different ways that one can file taxes. There is the option of married filing jointly, qualifying widow or widower status, single filing status, head of household filing status, or married filing separately. Almost all of the filing statuses will have a tax rate that ranges from 10% to 35% and then it just is dependent on income level. Take for example if one is filing in the single filing status, the tax rate can go anywhere from 10% to 35% depending on the income level. The rate of 35% is reserved for those with an income over $379,150 in the single status while it is 10% with an income under $8500. And then looking at the head of household filing status (mainly for those that own their own businesses) the 10% is reserved for those that have an income under $12,500 while the 35% is for incomes over $379,150.

If you are relatively new to doing taxes, or have seen a substantial increase or decrease in your income, then one of the things that you are probably curious about this tax year is what are the tax brackets? After all, people in this country are taxed differently based on their income, so it is a good idea to figure out which bracket you are in so that you can find out how much you are going to end up owing to, or getting back from the government at the end of the tax year. One good way to start finding out more about the tax brackets is simply to go online and do some basic reading up on the different income brackets and what their percentages are. From there, you can calculate your taxes owed to the government by simply multiplying your income by the percentage of income tax, but be careful not to forget about state and other taxes!