## Commercial Loan Calculator

If you're considering taking out a new business loan, this calculator is a handy way to estimate your debt coverage and determine the likelihood of getting approved for financing. If your new and old payments yield a debt service coverage ratio of 1.25 or greater, you're likely to obtain your loan. Find out now with our Commercial Loan Calculator.

Marginal Tax Rate Calculator for 2017

## Definitions

Federal Income Tax Rates
Use the table below to assist you in estimating your federal tax rate.
Filing Status and Income Tax Rates 2017*
Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
10%\$0 - \$18,650\$0 - \$9,325\$0 - \$13,350\$0 - \$9,325
15%\$18,650 - \$75,900\$9,325 - \$37,950\$13,350 - \$50,800\$9,325 - \$37,950
25%\$75,900 - \$153,100\$37,950 - \$91,900\$50,800 - \$131,200\$37,950 - \$76,550
28%\$153,100 - \$233,350\$91,900 - \$191,650\$131,200 - \$212,500\$76,550 - \$116,675
33%\$233,350 - \$416,700\$191,650 - \$416,700\$212,500 - \$416,700\$116,675 - \$208,350
35%\$416,700 - \$470,700\$416,700 - \$418,400\$416,700 - \$444,550\$208,350 - \$235,350
39.6%Over \$470,700Over \$418,400Over \$444,550Over \$235,350
*Caution: Do not use these tax rate schedules to figure 2016 taxes. Use only to figure 2017 estimates. Source: Rev. Proc. 2016-55
Wages, salaries, tips, etc.
This is your total taxable income for the year after deductions for retirement contributions such as 401(k)s, IRAs, etc. For tax filing purposes this would be the same as your Adjusted Gross Income (however the calculator is unable to take lower capital gains taxes into consideration).
Filing status
Choose your filing status. Your filing status determines the income levels for your Federal tax bracket. It is also important for calculating your standard deduction, personal exemptions, and deduction phase out incomes. The table below summarizes the five possible filing status choices. It is important to understand that your marital status as of the last day of the year determines your filing status.

Married Filing Jointly If you are married, you are able to file a joint return with your spouse. If your spouse died during the tax year, you are still able to file a joint return for that year. You may also choose to file separately under the status "Married Filing Separately". Generally, you qualify for this status if your spouse died during the previous tax year (not the current tax year) and you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you are the primary provider. If you are divorced, legally separated or unmarried as of the last day of the year you should use this status. This is the status for unmarried individuals that pay for more than half of the cost to keep up a home. This home needs to be the main home for the income tax filer and at least one qualifying relative. You can also choose this status if you are married, but didn't live with your spouse at anytime during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you. If you are married, you have the choice to file separate returns. The filing status for this option is "Married Filing Separately".

For 2017, the standard deductions are:

Standard Deduction for 2017 Federal Income Tax
Filing StatusStandard Deduction
Married Filing Joint\$12,700
Qualified Widow(er)\$12,700
Single\$6,350
Married Filing Separately\$6,350
Are you someone's dependent?
Choose 'no' if no one can claim you or your spouse as a dependent. Choose 'yes' if someone can claim you as a dependent. Choose 'both you and your spouse if you both are dependents. (You are a dependent if someone supports you and can claim a dependency exemption for you.)