2016 Tax Brackets Tax Bracket Married Filing Jointly 10% 15% 25% Single $0-$9,275 $9,276-$37,650 $37,651-$91,150 $91,151-$190,150 $190,151-$413,350 $413,351-$415,050 $415,050+ 28% $0-$18,550 $18,551-$75,300 $75,301-$151,900 $151,901-$231,450 $231,451-$413,350 $413,351-$466,950 $466,950+ 33% 35% 39.6% Use the tax bracket information to fill in the missing amounts in the following tax table. Single Filers Tax of taxable income Taxable Income $0-$9,275 $9,276-$37,650 $37,651$91,150 $91,151-$190,150 $190,151-$413,350 $413,351-$415,050 $415,050+ plus plus plus plus of excess over $9,275 of excess over $37,650 of excess over $91,150 of excess over $190,150 of excess over $413,350 of excess over $415,050 plus plus A first step to tax planning is to know your tax bracket and how close you are to the nearest tax brackets. What does it mean to be in the 25% tax bracket? Check all that apply. 000 0 You pay 25% in taxes on your total taxable income. You pay 25% on your last dollar of taxable income earned. If you itemize your deductions and you contribute $1,000 to charity, you get a deduction worth $250, so your cost of the charitable contribution is $750 after taxes. You save 25% in taxes on your last dollar of allowable deductions