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What are the income tax rates for federal tax brackets?

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Quick Answer

Federal tax rates range from 10 percent to 39.6 percent for the 2015 tax year, depending on one's tax bracket, notes efile.com. The corresponding tax brackets depend on one's marital status: single, married filing separately, married filing jointly, widow or head of household.

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What are the income tax rates for federal tax brackets?
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Full Answer

A 10 percent tax rate is applied to income up to $9,225 (single), $18,450 (widow or married filing jointly), $9,225 (married filing separately) and $13,150 (head of household), efile.com notes. A 15 percent rate is applied on income between the previous bracket and $37,450, $74,900, $37,450 and $50,200 for each category, respectively. A 25 percent rate is applied on income between that amount and $90,750, $151,200, $75,600 and $129,600. A 28 percent rate is applied on the next amount of income up to $189,300, $230,450, $115,225 and $209,850. Then, 33 percent until $411,500, $411,500, $205,750 and $411,500. The next bracket is 35 percent on income up to $413,200, $464,850, $232,425 and $439,200. The final bracket, 39.6 percent, applies to any income above those amounts.

These are marginal tax rates that apply only to the specific bracket in question rather than overall income. To determine an overall effective tax rate, an individual can divide his total tax, determined after multiplying each tax bracket by the appropriate rate, by his total income, and then multiply this amount by 100, as stated by efile.com.

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