Tax Liability

Rate Schedule Example

FEDERAL INCOME TAX RATES FOR 2013

Tax Rate Single Married Filing Jointly Married Filing Separate Head of Household
10% Up to $8,925 Up to $17,850 Up to $8,925 Up to $12,750
15% $8,926-$36,250 $17,851-$72,500 $8,926-$36,250 $12,751-$48,600
25% $36,251-$87,850 $72,501-$146,400 $36,251-$73,200 $48,601-$125,450
28% $87,851-$183,250 $146,401-$223,050 $73,200-$111,525 $125,451-$203,150
33% $183,251-$398,350 $223,051-$398,350 $111,526-$199,175 $203,151-$398,350
35% $398,351-$400,000 $398,351-$450,000 $199,176-$225,000 $398,350-$425,000

39%          Over $400,000         Over $450,000          Over $225,000          Over $425,000

2014 Tax Rates & Tax Brackets

Tax Rate Single Married Filing Joint Married Filing Separate Head of Household
10% Up to $9,075 Up to $18,150 Up to $9,075 Up to $12,950
15% $9,076 – $36,900 $18,151 – $73,800 $9,076 – $36,900 $12,951 – $49,400
25% $36,901 – $89,350 $73,801 – $148,850 $36,901 – $74,425 $49,401 – $127,550
28% $89,351 – $186,350 $148,851 – $226,850 $74,426 – $113,425 $127,551 – $206,600
33% $186,351 – $405,100 $226,851 – $405,100 $113,426 – $202,550 $206,601 – $405,100
35% $405,101 – $406,750 $405,101 – $457,600 $202,551 – $228,800 $405,101 – $432,200
39.6% Over $406,750 Over $457,600 Over $228,800 Over $432,200

Read more: http://www.mydollarplan.com/tax-brackets/#ixzz2pvzEVEQF



Kiddie Tax

Related Articles
  1. Financial Advisor

    Federal Tax Brackets

    Why do we have income tax brackets? What do they do for us? Read this to understand the basics and where to find your own bracket.
  2. Personal Finance

    Breaking Down Taxes For Different Income Brackets

    Here is a useful rundown of how much you will pay in taxes based on your income.
  3. Financial Advisor

    2016 Tax Code Changes Add Some Wiggle Room

    It's never too early to prepare for tax season. Next year features a host of tax law changes. Check our handy list to see which ones apply to you.
  4. Personal Finance

    Gay Marriage and Taxes: Everything You Should Know

    Same-sex couples now have a variety of tax strategies to consider.
  5. Personal Finance

    How Much Tax Do You Really Pay?

    When you add direct and indirect taxes together, your real tax rate is much more than you expected.
  6. Retirement

    Top Reasons to File Separately When Married

    Most of the time, it makes sense for couples to file their taxes jointly. Except for these possible exceptions...
  7. Personal Finance

    How Obamacare Is Raising Your Taxes

    There are literally dozens of new, amended or broadened tax provisions under the Obamacare legislation. Find out how your taxes will be affected in the years to come.
  8. Personal Finance

    What is a Tax Liability?

    Tax liability is the amount of money a person or entity owes to the government as the result of a taxable event.
  9. Retirement

    Marriage Vs. Common Law: What It Means Financially

    The number of unmarried couples is on the rise, but your relationship may or may not be given the same benefits as married couples.
  10. Personal Finance

    New Taxes Under The Affordable Care Act

    Find out what you need to know about the 21 new tax changes linked to the ACA.
Trading Center