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Tax Center

Tax Rates

Federal income tax is progressive — each bracket taxes only the income within that bracket, not your full income. The rates below are for ordinary income. Capital gains and qualified dividends use different rates.

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2026 individual ordinary-income brackets

Filing status determines which bracket schedule applies.

RateSingleMarried Filing JointlyHead of Household
10%$0 – $11,925$0 – $23,850$0 – $17,000
12%$11,926 – $48,475$23,851 – $96,950$17,001 – $64,850
22%$48,476 – $103,350$96,951 – $206,700$64,851 – $103,350
24%$103,351 – $197,300$206,701 – $394,600$103,351 – $197,300
32%$197,301 – $250,525$394,601 – $501,050$197,301 – $250,500
35%$250,526 – $626,350$501,051 – $751,600$250,501 – $626,350
37%Over $626,350Over $751,600Over $626,350

2026 long-term capital gains & qualified dividends

Assets held more than one year qualify for long-term capital gains treatment. Short-term gains are taxed at ordinary-income rates.

RateSingleMarried Filing Jointly
0%Up to $48,350Up to $96,700
15%$48,351 – $533,400$96,701 – $600,050
20%Over $533,400Over $600,050

Self-employment tax

Self-employed individuals pay both the employer and employee share of Social Security + Medicare on net earnings.

  • Social Security: 12.4% on first $176,100 of 2026 net self-employment earnings
  • Medicare: 2.9% on all net self-employment earnings (no cap)
  • Additional Medicare: 0.9% on earnings above $200K single / $250K MFJ
  • Effective combined SE tax rate at the low end: ~15.3%

Florida state income tax

Florida has NO state income tax on individuals. There is also no state tax on retirement income, pensions, or Social Security benefits. This is a significant planning advantage for high-earners and retirees who relocate to Florida.

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