CFP

By Investopedia AAA

Income Tax Fundamentals and Calculations - Tax Liability

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. Several things factor into the salary of a financial advisor. Here's a look.
    Investing Basics

    How Much Does A Financial Advisor Earn?

  2. With a long list of risks, losses associated with foreign exchange trading may be greater than initially expected. Here are the top 5 forex risks to avoid.
    Economics

    Top 5 Forex Risks Traders Should Consider

  3. ISAs are financial instruments that allow students to raise funds to pay for their degrees by selling shares in their future earnings.
    Investing Basics

    Funding Higher Education With An ISA

  4. Top Ways to protect your purchases from credit card hackers or security breaches.
    Credit & Loans

    7 Ways To Protect Against Credit Card ...

  5. The Internal Revenue Service's new 2015 contribution limits for tax-deferred savings plans are higher; here's what you and your clients should know.
    Investing Basics

    New 2015 Contribution Limits: Advisors ...

Trading Center