§ Tax Center
BOCA RATON · UPDATED MAY 2026
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.
| Rate | Single | Married Filing Jointly | Head 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 $626,350 | Over $751,600 | Over $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.
| Rate | Single | Married Filing Jointly |
|---|---|---|
| 0% | Up to $48,350 | Up to $96,700 |
| 15% | $48,351 – $533,400 | $96,701 – $600,050 |
| 20% | Over $533,400 | Over $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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