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Tax Rates

2014 Tax Rates2013 Tax Rates2012 Tax Rates2011 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 $406,750no 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$18,15010% 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$9,07510% 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 $228,800no 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$12,95010% 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
$432,200no 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$2,55015% 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
$12,150no limit$3,140 plus 39.6% of the excess over $12,150

Social Security 2014 Tax Rates

Base Salary$117,000
Social Security Tax Rate6.2%
Maximum Social Security Tax$7,254.00
Medicare Base Salaryunlimited
Medicare Tax Rate1.45%

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-income110% of your 2013 tax liability
Standard mileage rate for business driving56 cents
Standard mileage rate for medical/moving driving23.5 cents
Standard mileage rate for charitable driving14 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% bracket0%
Maximum capital gains tax rate for taxpayers above the 15% bracket15%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% of compensation up to $51,000

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
$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 $400,000no 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$17,85010% 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$8,92510% 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 $225,000no 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$12,75010% 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
$425,000no 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$2,45015% 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
$11,950no limit$3,090 plus 39.6% of the excess over $11,950

Social Security 2013 Tax Rates

Base Salary$113,700
Social Security Tax Rate6.2%
Maximum Social Security Tax$7,049.40
Medicare Base Salaryunlimited
Medicare Tax Rate1.45%

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-income110% of your 2012 tax liability
Standard mileage rate for business driving56.5 cents
Standard mileage rate for medical/moving driving24 cents
Standard mileage rate for charitable driving14 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% bracket0%
Maximum capital gains tax rate for taxpayers above the 15% bracket15%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% 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 deduction100%
Estate tax exemption$5,250,000
Annual Exclusion for Gifts$14,000

2012 Tax Rates Schedule X – Single

If taxable income is over
But not over
The tax is
$0$8,70010% 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
$388,350no 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$17,40010% 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
$388,350no 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$8,70010% 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
$194,175no 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$12,40010% 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
$388,350no 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$2,40015%
$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
$11,650no limit$3,011.50 plus 35% of the amount over $11,650

Social Security 2012 Tax Rates

Base Salary$110,100
Social Security Tax Rate4.2%
Maximum Social Security Tax$4,624.20
Medicare Base SalaryUnlimited
Medicare Tax Rate1.45%

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-income110% of your 2011 tax liability
Standard mileage rate for business driving55.5 cents
Standard mileage rate for medical/moving driving23 cents
Standard mileage rate for charitable driving14 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% bracket0%
Maximum capital gains tax rate for taxpayers above the 15% bracket15%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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

2011 Tax Rates Schedule X – Single

If taxable income is over
But not over
The tax is
$0$8,50010% 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$17,00010% 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
$379,150no limit$102,574 plus 35% of the amount over $379,150

2011 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over
But not over
The tax is
$0$8,50010% 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
$189,575no 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$12,15010% 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
$379,150no 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$2,30015%
$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
$11,350no limit$2,937 plus 35% of the amount over $11,350

Social Security 2011 Tax Rates

Base Salary$106,800
Social Security Tax Rate4.2%
Maximum Social Security Tax$4,485.60
Medicare Base SalaryUnlimited
Medicare Tax Rate1.45%

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-income110% of your 2010 tax liability
Standard mileage rate for business drivingBefore July 1st: 51 cents
After July 1st: 55.5 cents
Standard mileage rate for medical/moving drivingBefore July 1st: 19 cents
After July 1st: 23.5 cents
Standard mileage rate for charitable driving14 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

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket		0%
Maximum capital gains tax rate for taxpayers above the 15% bracket15%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% of compensation up to $49,000
401(k) maximum employee contribution limit$16,500 if under age 50
$22,000 if 50 or older





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