Single Income Tax Brackets, 2017

Tax Rate From To
10% $0 $9,325
15% $9,325 $37,950
25% $37,950 $91,900
28% $91,900 $191,650
33% $191,650 $416,700
35% $416,700 $418,400
39.6% $418,400

Married Filing Jointly Income Tax Brackets, 2017

Tax Rate From To
10% $0 $18,650
15% $18,650 $75,900
25% $75,900 $153,100
28% $153,100 $233,350
33% $233,350 $416,700
35% $416,700 $470,700
39.6% $470,700

Head of Household Income Tax Brackets, 2017

Tax Rate From To
10% $0 $13,350
15% $13,350 $50,800
25% $50,800 $131,200
28% $131,200 $212,500
33% $212,500 $416,700
35% $416,700 $444,500
39.6% $444,500

Taxes in the United States are administered by literally hundreds of tax authorities. At the federal level there are three tax administrations. Most domestic federal taxes are administered by the Internal Revenue Service, which is part of the Department of the Treasury.

Alcohol, tobacco, and firearms taxes are administered by the Alcohol and Tobacco Tax and Trade Bureau (TTB). Taxes on imports (customs duties) are administered by U.S. Customs and Border Protection (CBP). TTB is also part of the Department of the Treasury and CBP belongs to the Department of Homeland Security.

Organization of state and local tax administrations varies widely. Every state maintains a tax administration. A few states administer some local taxes in whole or part. Most localities also maintain a tax administration or share one with neighboring localities.

Taxes based on income are imposed at the federal, most state, and some local levels within the United States. The tax systems within each jurisdiction may define taxable income separately. Many states refer to some extent to federal concepts for determining taxable income.

There is no federal sales or use tax in the United States. Sales taxes, including those imposed by local governments, are generally administered at the state level. States imposing sales tax require retail sellers to register with the state, collect tax from customers, file returns, and remit the tax to the state. All but five states impose sales and use taxes on retail sale, lease and rental of many goods, as well as some services.

Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions provide numerous categories of goods and services that are exempt from sales tax, or taxed at a reduced rate. Purchase of goods for further manufacture or for resale is uniformly exempt from sales tax. Most jurisdictions exempt food sold in grocery stores, prescription medications, and many agricultural supplies.

Payroll taxes are imposed by the federal and all state governments. These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of 15.3%. However, benefits are only accrued on the first $106,800 of wages. Employers must withhold income taxes on wages. An unemployment tax and certain other levies apply to employers.
Property taxes are imposed by most local governments and many special purpose authorities based on the fair market value of property. School and other authorities are often separately governed, and impose separate taxes. Property tax is generally imposed only on realty, though some jurisdictions tax some forms of business property. Property tax rules and rates vary widely with annual median rates ranging from 0.2% to 1.9% of a property's value depending on the state.
The federal gift tax is applicable to the donor, not the recipient, and is computed based on cumulative taxable gifts, and is reduced by prior gift taxes paid. Taxable values of gift are the fair market value.
The federal estate tax is computed on the sum of taxable estate and taxable gifts, and is reduced by prior gift taxes paid. Taxable values of estates are the fair market value.
The United States is one of two countries in the world that taxes its non-resident citizens on worldwide income, in the same manner and rates as residents; the other is Eritrea. The U.S. Supreme Court upheld the constitutionality of imposition of such a tax in the case of Cook v. Tait.

January 1, 2017

First day to file a 2016 tax return, though the IRS generally will not accept e-file and free file returns until the date below. Even paper based filings won't be processed till later in the month

January 20, 2017

IRS E-file to go live, allowing submission of electronic tax returns for the vast majority of tax filers. Paper tax returns will begin processing from this date as well

January 31, 2017

Date by which you should have received a W-2 from employers you worked for during the tax year. If not, contact their HR/Payroll department to resend tax documents

February 1, 2017

Deadline for 1099 statements (factors in your AGI income) that report non-employee compensation, bank interest, dividends and distributions from a retirement plan. This date is also the deadline for self-employed individuals to file and pay in full their fourth-quarter estimated tax payment

February 16, 2017

Financial institutions (e.g Vanguard, Fidelity) must mail out 1099-B, 1099-S and 1099-MISC forms by this date. See what these forms are and if you will need one for your return

March 15, 2017

S Corporation and Partnership tax returns due

April 17, 2017

*Tax Day* Last day for filing federal income tax returns and extension requests. Since April 15th is a Saturday the due date has been shifted out to Monday, April 17th.

April 17, 2017

Deadline for filing state income tax returns (for most states) and extension requests. Last day to make a contribution to a Traditional or Roth IRA, Health Savings Account (HSA), SEP-IRA or 401(k)

June 15, 2017

U.S. citizens or resident aliens living abroad must file tax returns and pay any taxes due by this date (or file for a four-month extension)

June 30, 2017

FBAR (Foreign Bank Account Report) forms due for taxpayers who have over $10,000 in total in foreign bank accounts in the prior year. No extensions aren’t allowed and forms must be filed electronically

October 15, 2017

Filing approved extended federal, state and S-Corp/Partnership income tax returns Note: you still need to file for an extension request by April 17th

April 15, 2020

Filing a 2016 tax amendment. You can file an amended or previous year return anytime, but you have a deadline of 3 years from the original due date to claim any tax refund.

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