The indexing factor for federal tax credits and brackets for 2017 is 1.4%. The following federal tax rates and brackets will be in effect for individuals for the 2017 tax year.
Income level Federal tax rate
$11,635 - $45,916 15%
$45,917 - $91,831 20.5%
$91,832 - $142,353 26%
$142,354 - $202,800 29%
Over $202,800 33%
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.
About Koroll & Company
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We have 20+ years servicing Newmarket, ON and the surrounding areas, and look forward to servicing you next. So give us a call and speak to a friendly staff member from Koroll & Company today!
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