Tax reference
Federal personal income tax bracket rates and thresholds used as the shared tax-data starting point for OpenBook Planning tax calculators.
Current-year summary
Tax-rate table
These rates apply to taxable income. Taxable income is income after applicable deductions and other return-specific adjustments.
| Tax rate | Taxable income threshold |
|---|---|
| 14% | on the portion of taxable income that is $58,523 or less, plus |
| 20.5% | on the portion of taxable income over $58,523 up to $117,045, plus |
| 26% | on the portion of taxable income over $117,045 up to $181,440, plus |
| 29% | on the portion of taxable income over $181,440 up to $258,482, plus |
| 33% | on the portion of taxable income over $258,482 |
Notes and assumptions
Federal tax bracket rates and thresholds are maintained with the source values for this reference.
Official sources
These links document the official sources used for this reference.