2014 Tax Rates |
2013 Tax Rates |
2012 Tax Rates |
2011 Tax Rates |
2014 Tax Rates Schedule X – Single |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $9,075 | 10% of the taxable amount |
| $9,075 | $36,900 | $907.50 plus 15% of the excess over $9,075 |
| $36,900 | $89,350 | $5,081.25 plus 25% of the excess over $36,900 |
| $89,350 | $186,350 | $18,193.75 plus 28% of the excess over $89,350 |
| $186,350 | $405,100 | $45,353.75 plus 33% of the excess over $186,350 |
| $405,100 | $406,750 | $117,541.25 plus 35% of the excess over $405,100 |
| Over $406,750 | no limit | $118,188.75 plus 39.6% of the excess over $406,750 |
2014 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $18,150 | 10% of the taxable amount |
| $18,150 | $73,800 | $1,815 plus 15% of the excess over $18,150 |
| $73,800 | $148,850 | $10,162.50 plus 25% of the excess over $73,800 |
| $148,850 | $226,850 | $28,925.50 plus 28% of the excess over $148,850 |
| $226,850 | $405,100 | $50,765 plus 33% of the excess over $226,850 |
| $405,100 | $457,600 | $109,587.50 plus 35% of the excess over $405,100 |
| $457,600 | no limit | $127,962.50 plus 39.6% of the excess over $457,600 |
2014 Tax Rates Schedule Y-2 – Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $9,075 | 10% of the taxable amount |
| $9,075 | $36,900 | $907.50 plus 15% of the excess over $9,075 |
| $36,900 | $74,425 | $5,081.25 plus 25% of the excess over $36,900 |
| $74,425 | $113,425 | $14,462.50 plus 28% of the excess over $74,425 |
| $113,425 | $202,550 | $25,382.50 plus 33% of the excess over $113,425 |
| $202,550 | $228,800 | $54,793.75 plus 39.6% of the excess over $228,800 |
| Over $228,800 | no limit | $63,981.25 plus 39.6% of the excess over $228,800 |
2014 Tax Rates Schedule Z – Head of Household |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $12,950 | 10% of the taxable amount |
| $12,950 | $49,400 | $1,295 plus 15% of the excess over $12,950 |
| $49,400 | $127,550 | $6,762.50 plus 25% of the excess over $49,400 |
| $127,550 | $206,600 | $26,300 plus 28% of the excess over $127,550 |
| $206,600 | $405,100 | $48,434 plus 33% of the excess over $206,600 |
| $405,100 | $432,200 | $113,939 plus 35% of the excess over $405,100 |
| $432,200 | no limit | $123,424 plus 39.6% of the excess over $432.200 |
2014 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $2,550 | 15% of the taxable income |
| $2,550 | $5,800 | $375 plus 25% of the excess over $2,550 |
| $5,800 | $8,900 | $1,200 plus 28% of the excess over $5,800 |
| $8,900 | $12,150 | $2,068 plus 33% of the excess over $8,900 |
| $12,150 | no limit | $3,140 plus 39.6% of the excess over $12,150 |
Social Security 2014 Tax Rates |
|
| Base Salary | $117,000 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,254.00 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Education 2014 Tax Rates |
|
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2014 Tax Rates |
|
| Personal Exemption | $3,950 |
| Business Equipment Expense Deduction | $25,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2013 tax liability |
| Standard mileage rate for business driving | 56 cents |
| Standard mileage rate for medical/moving driving | 23.5 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 $14,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $51,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,340,000 |
| Annual Exclusion for Gifts | $14,000 |
2013 Tax Rates
2013 Tax Rates Schedule X – Single |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $87,850 | $4,991.25 plus 25% of the excess over $36,250 |
| $87,850 | $183,250 | $17,891.25 plus 28% of the excess over $87,850 |
| $183,250 | $398,350 | $44,603.25 plus 33% of the excess over $183,250 |
| $398,350 | $400,000 | $115,586.25 plus 35% of the excess over $398,350 |
| Over $400,000 | no limit | $116,163.75 plus 39.6% of the excess over $400,000 |
2013 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $17,850 | 10% of the taxable amount |
| $17,850 | $72,500 | $1,785 plus 15% of the excess over $17,850 |
| $72,500 | $146,400 | $9,982.50 plus 25% of the excess over $72,500 |
| $146,400 | $223,050 | $28,457.50 plus 28% of the excess over $146,400 |
| $223,050 | $398,350 | $49,919.50 plus 33% of the excess over $223,050 |
| $398,350 | $450,000 | $107,768.50 plus 35% of the excess over $398,350 |
| $450,000 | no limit | $125,846 plus 39.6% of the excess over $450,000 |
2013 Tax Rates Schedule Y-2 – Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $73,200 | $4,991.25 plus 25% of the excess over $36,250 |
| $73,200 | $111,525 | $14,228.75 plus 28% of the excess over $73,200 |
| $111,525 | $199,175 | $24,959.75 plus 33% of the excess over $111,525 |
| $199,175 | $225,000 | $53,884.25 plus 35% of the excess over $199,175 |
| Over $225,000 | no limit | $62,923 plus 39.6% of the excess over $225,000 |
2013 Tax Rates Schedule Z – Head of Household |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $12,750 | 10% of the taxable amount |
| $12,750 | $48,600 | $1,275 plus 15% of the excess over $12,750 |
| $48,600 | $125,450 | $6,652.50 plus 25% of the excess over $48,600 |
| $125,450 | $203,150 | $25,865 plus 28% of the excess over $125,450 |
| $203,150 | $398,350 | $47,621 plus 33% of the excess over $203,150 |
| $398,350 | $425,000 | $112,037 plus 35% of the excess over $398,350 |
| $425,000 | no limit | $121,364.50 plus 39.6% of the excess over $425,000 |
2013 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $2,450 | 15% of the taxable income |
| $2,450 | $5,700 | $367.50 plus 25% of the excess over $2,450 |
| $5,700 | $8,750 | $1,180 plus 28% of the excess over $5,700 |
| $8,750 | $11,950 | $2,034 plus 33% of the excess over $8,750 |
| $11,950 | no limit | $3,090 plus 39.6% of the excess over $11,950 |
Social Security 2013 Tax Rates |
|
| Base Salary | $113,700 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,049.40 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Education 2013 Tax Rates |
|
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2013 Tax Rates |
|
| Personal Exemption | $3,900 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2012 tax liability |
| Standard mileage rate for business driving | 56.5 cents |
| Standard mileage rate for medical/moving driving | 24 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children before kiddie tax applies | $1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 $14,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $51,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,250,000 |
| Annual Exclusion for Gifts | $14,000 |
2012 Tax Rates
2012 Tax Rates Schedule X – Single |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,700 | 10% of the taxable amount |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $86,650 | $4,867.50 plus 25% of the amount over $35,350 |
| $86,650 | $178,650 | $17,442.50 plus 28% of the amount over $86,650 |
| $178,650 | $388,350 | $43,482.50 plus 33% of the amount over $178,650 |
| $388,350 | no limit | $112,683.50 plus 35% of the amount over $388,350 |
2012 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $17,400 | 10% of the taxable amount |
| $17,400 | $70,700 | $1,740 plus 15% of the amount over $17,400 |
| $70,700 | $142,700 | $9,735 plus 25% of the amount over $70,700 |
| $142,700 | $217,450 | $27,735 plus 28% of the amount over $142,700 |
| $217,450 | $388,350 | $48,665.50 plus 33% of the amount over $217,450 |
| $388,350 | no limit | $105,062 plus 35% of the amount over $388,350 |
2012 Tax Rates Schedule Y-2 – Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,700 | 10% of the taxable amount |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $71,350 | $4,867.50 plus 25% of the amount over $35,350 |
| $71,350 | $108,725 | $13,867.50 plus 28% of the amount over $71,350 |
| $108,725 | $194,175 | $24,332.50 plus 33% of the amount over $108,725 |
| $194,175 | no limit | $52,531 plus 35% of the amount over $194,175 |
2012 Tax Rates Schedule Z – Head of Household |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $12,400 | 10% of the taxable amount |
| $12,400 | $47,350 | $1,240 plus 15% of the amount over $12,400 |
| $47,350 | $122,300 | $6,482.50 plus 25% of the amount over $47,350 |
| $122,300 | $198,050 | $25,220 plus 28% of the amount over $122,300 |
| $198,050 | $388,350 | $46,430 plus 33% of the amount over $198,050 |
| $388,350 | no limit | $109,229 plus 35% of the amount over $388,350 |
2012 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $2,400 | 15% |
| $2,400 | $5,600 | $360 plus 25% of the amount over $2,400 |
| $5,600 | $8,500 | $1,160 plus 28% of the amount over $5,600 |
| $8,500 | $11,650 | $1,972 plus 33% of the amount over $8,500 |
| $11,650 | no limit | $3,011.50 plus 35% of the amount over $11,650 |
Social Security 2012 Tax Rates |
|
| Base Salary | $110,100 |
| Social Security Tax Rate | 4.2% |
| Maximum Social Security Tax | $4,624.20 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
Education 2012 Tax Rates |
|
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2012 Tax Rates |
|
| Personal Exemption | $3,800 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2011 tax liability |
| Standard mileage rate for business driving | 55.5 cents |
| Standard mileage rate for medical/moving driving | 23 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children before kiddie tax applies | $950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,000 if under age 50 $6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $11,500 if under age 50 $14,000 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $50,000 |
| 401(k) maximum employee contribution limit | $17,000 if under age 50 $22,500 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,120,000 |
| Annual Exclusion for Gifts | $13,000 |
2011 Tax Rates
2011 Tax Rates Schedule X – Single |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,500 | 10% of the taxable amount |
| $8,500 | $34,500 | $850 plus 15% of the amount over $8,500 |
| $34,500 | $83,600 | $4,750 plus 25% of the amount over $34,500 |
| $83,600 | $174,400 | $17,025.25 plus 28% of the amount over $83,600 |
| $174,400 | $379,150 | $42,449 plus 33% of the amount over $174,400 |
| $379,150 | no limit | $110,016.50 plus 35% of the amount over $379,150 |
2011 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $17,000 | 10% of the taxable amount |
| $17,000 | $69,000 | $1,700 plus 15% of the amount over $17,000 |
| $69,000 | $139,350 | $9,500 plus 25% of the amount over $69,000 |
| $139,350 | $212,300 | $27,087.50 plus 28% of the amount over $139,350 |
| $212,300 | $379,150 | $47,513.50 plus 33% of the amount over $212,300 |
| $379,150 | no limit | $102,574 plus 35% of the amount over $379,150 |
2011 Tax Rates
2011 Tax Rates Schedule Y-2 – Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $8,500 | 10% of the taxable amount |
| $8,500 | $34,500 | $850 plus 15% of the amount over $8,500 |
| $34,500 | $69,675 | $4,750 plus 25% of the amount over $34,500 |
| $69,675 | $106,150 | $13,543.75 plus 28% of the amount over $69,675 |
| $106,150 | $189,575 | $23,756.75 plus 33% of the amount over $106,150 |
| $189,575 | no limit | $51,287 plus 35% of the amount over $189,575 |
2011 Tax Rates Schedule Z – Head of Household |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $12,150 | 10% of the taxable amount |
| $12,150 | $46,250 | $1,215 plus 15% of the amount over $12,150 |
| $46,250 | $119,400 | $6,330 plus 25% of the amount over $46,250 |
| $119,400 | $193,350 | $24,617.50 plus 28% of the amount over $119,400 |
| $193,350 | $379,150 | $45,323.50 plus 33% of the amount over $193,350 |
| $379,150 | no limit | $106,637.50 plus 35% of the amount over $379,150 |
2011 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
| $0 | $2,300 | 15% |
| $2,300 | $5,450 | $345 plus 25% of the amount over $2,300 |
| $5,450 | $8,300 | $1,132.50 plus 28% of the amount over $5,450 |
| $8,300 | $11,350 | $1,930.50 plus 33% of the amount over $8,300 |
| $11,350 | no limit | $2,937 plus 35% of the amount over $11,350 |
Social Security 2011 Tax Rates |
|
| Base Salary | $106,800 |
| Social Security Tax Rate | 4.2% |
| Maximum Social Security Tax | $4,485.60 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
Education 2011 Tax Rates |
|
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2011 Tax Rates |
|
| Personal Exemption | $3,700 |
| Business Equipment Expense Deduction (Used) | $500,000 |
| Business Equipment Expense Deduction (New) | $2,000,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2010 tax liability |
| Standard mileage rate for business driving | Before July 1st: 51 cents After July 1st: 55.5 cents |
| Standard mileage rate for medical/moving driving | Before July 1st: 19 cents After July 1st: 23.5 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children before kiddie tax applies | $950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,000 if under age 50 $6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $11,500 if under age 50 $14,000 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $49,000 |
| 401(k) maximum employee contribution limit | $16,500 if under age 50 $22,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,000,000 |
| Annual Exclusion for Gifts | $13,000 |
(Visited 356 time, 1 visit today)