$12,700 in 2017 2017 Individual Tax Rate Schedules were announced current tax brackets and deduction thresholds $6,350 for 2017 $6,350 for 2017 15% rate applies to income up to $76,000 this Forbes article these for 2017 the inflation-indexed standard deduction higher tax bracket this article 2017 Individual Tax Rate Schedules source recent federal tax overhaul This year’s standard deduction 10% to 39.6% 10% to 39.6% source IRS website source