Heidi and her wife Tiffany have one child. Last year, Heidi stayed home with the baby while Tiffany worked, and all of their income came from Tiffany's work as a financial planner. They brought in a total of $270,000. They have "above the line" deductions of $35,000, and if they were to itemize their "below the line" deductions they would amount to $67,000. For last year. Filing Status Standard Deduction Single $12,000 Married Filing Jointly or Qualifying Widowler) $24,000 Married Filing Separately $12,000 $18,000 Head of Household For last year, the tax rates are as follows: Single Taxable income Tax Rate $0 - $9,525 10% of taxable income $9,526 - $38,700 $952.50 plus 12% of the amount over $9,525 $38,701 - $82,500 $4,453.50 plus 22% of the amount over $38,700 $82,501 - $157,500 $14,089 50 plus 24% of the amount over $82,500 $157,501 - $200,000 $32,089.50 plus 32% of the amount over $157,500 $200,001 - $500,000 $45,689.50 plus 35% of the amount over $200,000 $500,001 or more $150,689.50 plus 37% of the amount over $500,000 Married Filing Jointly or Qualifying Widowler) Taxable income Tax Rate $0 - $19,050 10% of taxable income $19,051 - $77.400 $1,905 plus 12% of the amount over $19.050 $77,401 - $165,000 $8,907 plus 22% of the amount over $77,400 $165,001 - $315,000 $28.179 plus 24% of the amount over $165,000 $315,001 - $400,000 $64,179 plus 32% of the amount over $315,000 $400,001 - $600,000 $91,379 plus 35% of the amount over $400,000 $600,001 or more $161,379 plus 37% of the amount over $600,000 Married Filing Separately Taxable income Tax Rate $0 - $9,525 10% of taxable income $9.526 - $38.700 $952.50 plus 12% of the amount over $9,525 $38,701 - $82,500 $4,453.50 plus 22% of the amount over $38,700 $82,501 - $157,500 $14,089.50 plus 24% of the amount over $82,500 $157,501 - $200,000 $32,089.50 plus 32% of the amount over $157,500 $200,001 - $300,000 $45,689.50 plus 35% of the amount over $200,000 $300,001 or more $80,689.50 plus 37% of the amount over $300,000 Head of Household Taxable income Tax Rate $0 - $13,600 10% of taxable income $13,601 - $51,800 $1,360 plus 12% of the amount over $13,600 $51,801 - $82,500 $5,944 plus 22% of the amount over $51,800 $82,501 - $157,500 $12,698 plus 24% of the amount over $82,500 $157,501 - $200,000 $30,698 plus 32% of the amount over $157,500 $200,001 - $500,000 $44,298 plus 35% of the amount over $200,000 $500,001 or more $149,298 plus 37% of the amount over $500,000