2017 Individual Deductions and Exemptions

Individual Deductions and Exemptions

Deduction Or Exemption TypeAmount
Standard Deduction20%
Maximum Standard DeductionSingle$4,510
Married Filing Separately$4,510
Married Filing Jointly$9,020
Head of Household$9,020
Minimum Standard DeductionSingle$2,000
Married Filing Separately$2,000
Married Filing Jointly$4,000
Head of Household$4,000
Personal Exemption$2,400
Partial Pension and Annuity Income ExemptionMaximum Exemption$4,110
FAGI thresshold for phase-out$34,260
Capital Gains Tax Credit2%

2017 Individual Income Tax Rates

If your taxable income is more thanbut not more thanYour tax is minus
$0$3,0001% of your taxable income$0
$3,000$5,2002% of your taxable income$29
$5,200$8,0003% of your taxable income$81
$8,000$10,8004% of your taxable income$160
$10,800$13,9005% of your taxable income$266
$13,900$17,9006% of your taxable income$402
$17,9006.9% of your taxable income$560

Other Helpful Information