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What Are The Tax Rates For 1997?

Note: The graduated rates below are based on TAXABLE INCOME, which is your adjusted gross income reduced by your allowable deductions (either itemized deductions or the standard deduction) and your allowable deduction for personal exemptions.

Rather than do the math required for the calculation of the tax from these schedules, you may find it easier to use the Tax Tables or Schedules contained in the instructions for the form you are filing.

Standard Deduction (add 3 rd column if over age 65 or blind EACH)
Married Filing Jointly and Qualifying Widow(er) $6,900 $800
Single $4,150 $1,000
Head of Household $6,050 $1,000
Married Filing Separately $3,450 $800

Personal exemptions for 1997 are $2,650.

Note that both itemized deductions and personal exemptions are subject to phase-outs for certain high income taxpayers. Check Form 1040 instructions.

Married Filing Jointly and Qualifying Widow(er) $0 to $41,200 15%
  $43,201 to $99,600 28%
  $99,601 to $151,750 31%
  $151,751 to $271,050 36%
  $271,051 & Over 39.6%
Single $0 to $24,650 15%
  $24,651 to $59,750 28%
  $59,751 to $124,650 31%
  $124,651 to $271,050 36%
  $271,051 & Over 39.6%
Head of Household $0 to $33,050 15%
  $33,051 to $85,350 28%
  $85,351 to $138,200 31%
  $138,201 to $271,050 36%
  $271,051 & Over 39.6%
Married Filing Separately $0 to $20,600 15%
  $20,601 to $49,800 28%
  $49,801 to $75,875 31%
  $75,876 to $135,525 36%
  $135,526 & Over 39.6%



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We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017