2016 Optional Tax Tables-2025

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6. Standard Deduction Heads of Households ( Section 1(j)(2)(B) ) Tax YearStandard Deduction 2019 $18,350 2018 $18,000 2017 $9,35030 more rows
Key Takeaways The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households. The IRS adjusts the standard deduction each year for inflation. The amount of your standard deduction is based on your filing status, age, and other criteria.
2016 Marginal Tax Brackets Marginal Tax Bracket RateSingle Taxable IncomeMarried Filing Jointly Taxable Income 10% $0 to $9,275 $0 to $18,550 15% $9,276 to $37,650 $18,551 to $75,300 25% $37,651 to $91,150 $75,301 to $151,900 28% $90,151 to $190,150 $151,901 to $231,4503 more rows
For 2016, the standard deduction remained at $12,600 for joint filers, the same as in 2015. For single filers and married filing separate filers, the deduction also remained the same as 2015 at $6,300.
Federal Estate and Gift Tax Rates and Exclusions YearEstate Tax ExclusionEstate Tax Maximum Rate 2016 $5,450,000 40% 2017 $5,490,000 40% 2018 $11,180,000 [3] 40% 2019 $11,400,000 40%32 more rows
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People also ask

IRS extra standard deduction for older adults For 2024, the additional standard deduction is $1,950 if you are single or file as head of household. If youre married, filing, jointly or separately, the extra standard deduction amount is $1,550 per qualifying individual.
Arizona has a flat 2.50 percent individual income tax rate. Arizona has a 4.9 percent corporate income tax rate. Arizona also has a 5.6 percent state sales tax rate and an average combined state and local sales tax rate of 8.38 percent.

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