410-546-0552
TY 2016 Social Security & Medicare Tax
| Maximum Compensation subject to FICA | |
| Social Security | $118,500 |
| Medicare Tax | No Limit |
| Medicare Additional Tax | over $200,000 |
TY 2016 Income Tax Brackets
| Single | Married Filing Jointly | Married Filing Separately | Head of Household | Marginal Tax Rate |
| $0 to $9,275 | $0 to $18,550 | $0 – $9,275 | $0 to $13,250 | 10.0% |
| $9,275 to $37,650 | $18,550 to $75,300 | $9,275 – $37,650 | $13,250 to $50,400 | 15.0% |
| $37,650 to $91,150 | $75,300 to $151,900 | $37,651 - $75,950 | $50,400 to $130,150 | 25.0% |
| $91,150 to $190,150 | $151,900 to $231,450 | $75,951 – $115,275 | $130,150 to $210,800 | 28.0% |
| $190,150 to $413,350 | $231,450 to $413,350 | $115,276 - $206,675 | $210,800 to $413,350 | 33.0% |
| $413,350 to $415,050 | $413,350 to $466,950 | $206,676 - $233,475 | $413,350 to $441,000 | 35.0% |
| $415,050 or more | $466,950 or more | $233,475 or more | $441,000 or more | 39.6% |
TY 2016 Deductions & Exemptions
| | Single | Married Filing Jointly | Married Filing Separately | Head of Household |
| Standard Deduction | $6,300 | $12,600 | $6,300 | $9,300 |
| Additional Deduction for 65 and Older or Blind | $1,550 | $1,250 | $1,250 | $1,550 |
| Personal Exemption | $4,050 | $4,050 | $4,050 | $4,050 |
TY 2016 Mileage Rates
| Purpose | cents per mile |
| Business | 54 ¢ |
| Medical | 19 ¢ |
| Charitable | 14 ¢ |
| Moving | 19 ¢ |
