A pixel structure includes a scan line, a data line, a switching element, a planarization layer, a first common electrode, a common line, a first insulating layer, a pixel electrode, a second insulating layer, and a second common electrode. The switching element includes a source and a drain. The common line is located on the planarization layer and directly connected with the first common electrode. The planarization layer is located on the scan line, the data line, and the switching element. The pixel electrode is electrically connected with the drain through a first contact hole, wherein the first contact hole penetrates through the planarization layer and the first insulating layer. The second common electrode is electrically connected with the first common electrode through a second contact hole, wherein the second contact hole penetrates through the first insulating layer and the second insulating layer. A touch panel is also provided.