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2016 Tax Brackets
By Kyle Pomerleau
Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done
to prevent what is called “bracket creep.” This is the phenomenon by which people
are pushed into higher income tax brackets or have reduced value from credits or
deductions due to inflation, instead of any increase in real income.
The IRS uses the Consumer Price Index (CPI) to calculate the past year’s inflation
and adjusts income thresholds, deduction amounts, and credit values accordingly.
Rather than directly adjusting last year’s values for annual inflation, each provision is
adjusted from a specified base year. For more information, see Methodology, below.
Estimated Income Tax Brackets and Rates
In 2016, the income limits for all brackets and all filers will be adjusted for inflation
and will be as follows (Table 1). The top marginal income tax rate of 39.6 percent will
hit taxpayers with adjusted gross income of $415,050 and higher for single filers and
$466,950 and higher for married filers.
2016 Taxable Income Brackets and Rates (Estimate)
Married Joint Filers
Head of Household Filers
$0 to $9,275
$0 to $18,550
$0 to $13,250
$9,275 to $37,650
$18,550 to $75,300
$13,250 to $50,400
$37,650 to $91,150
$75,300 to $151,900
$50,400 to $130,150
$91,150 to $190,150
$151,900 to $231,450
$130,150 to $210,800
$190,150 to $413,350
$231,450 to $413,350
$210,800 to $413,350