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2013 Federal Tax Rate Brackets

 

Federal Tax Brackets 2013

 

It’s never too early to determine the impact tax changes can have on your income.

 

Single – 2013 Tax Rates

Marginal Tax RateTaxable Income OverBut Not Over
10%0$8,700
15%$8,700$35,350
25%$35,350$86,650
28%$86,650$178,650
33%$178,650$388,350
35%$388,350$400,000
39.6%$400,000unlimited

 

Married Filing Jointly – 2013 Tax Rates

Marginal Tax RateTaxable Income OverBut Not Over
10%0$17,400
15%$17,400$70,700
25%$70,700$142,700
28%$142,700$217,450
33%$217,450$388,350
35%$388,350$450,000
39.6%$450,000Unlimited

 

Head of Household – 2013 Tax Rates

Marginal Tax RateTaxable Income OverBut Not Over
10%0$12,750
15%$12,750$48,600
25%$48,600$125,450
28%$125,450$203,150
33%$203,150$398,350
35%$398,350$425,000
39.6%$425,000Unlimited

 

A couple more points on tax tables:

  • The same tax rate does not apply to a taxpayers full gross income amount. Portions of a taxpayers income generally fall into more than one tax bracket, and tax brackets are assigned different tax rates.
  • Taxable income is different from gross income. In basic terms, taxable income is adjusted gross income (AGI) minus the sum of standard deduction (or itemized deduction) and allowances for personal exemptions.

 

by MoneyandMap.com Monday · comments

categories: Tax Return Tips

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