2014 individual income tax brackets
Sunday, November 10, 2013
Good news compulsive tax planners! You now can get to work on your 2014 federal income taxes.
The Internal Revenue Service has issued updated information for the 40 or so tax code provisions affected by inflation.
To get the tax party started, below are tables of the 2014 individual income tax brackets.
Single
|
Taxable income: |
Tax rate: |
|
Up to $9,075 |
10 percent |
|
$9,076 to $36,900 |
15 percent |
|
$36,901 to $89,350 |
25 percent |
|
$89,351 to $186,350 |
28 percent |
|
$186,351 to $405,100 |
33 percent |
|
$405,101 to $406,750 |
35 percent |
|
$406,751 or more |
39.6 percent |
Head of Household
|
Taxable income: |
Tax rate: |
|
Up to $12,950 |
10 percent |
|
$12,951 to $49,400 |
15 percent |
|
$49,401 to $127,550 |
25 percent |
|
$127,551 to $206,600 |
28 percent |
|
$206,601 to $405,100 |
33 percent |
|
$405,101 to $432,200 |
35 percent |
|
$432,201 or more |
39.6 percent |
Married Filing Jointly and Surviving Spouses
|
Taxable income: |
Tax rate: |
|
Up to $18,150 |
10 percent |
|
$18,151 to $73,800 |
15 percent |
|
$73,801 to $148,850 |
25 percent |
|
$148,851 to $226,850 |
28 percent |
|
$226,851 to $405,100 |
33 percent |
|
$405,101 to $457,600 |
35 percent |
|
$457,601 or more |
39.6 percent |
Married Filing Separately
|
Taxable income: |
Tax rate: |
|
Up to $9,075 |
10 percent |
|
$9,076 to $36,900 |
15 percent |
|
$36,901 to $74,425 |
25 percent |
|
$74,426 to $113,425 |
28 percent |
|
$113,426 to $202,550 |
33 percent |
|
$202,551 to $228,800 |
35 percent |
|
$228,801 or more |
39.6 percent |
Remember, these income ranges apply to your 2014 earnings.
For your 2013 tax filings due on April 15, 2014, you'll use the information in the table below.
| Tax Rate |
Single |
Head of Household |
Married Filing Jointly or Surviving Spouse |
Married Filing Separately |
10% |
Up to $8,925 |
Up to $12,750 | Up to $17,850 |
Up to $8,925 |
15% |
$8,926 to $36,250 | $12,751 to $48,600 | $17,851 to $72,500 | $8,926 to $36,250 |
25% |
$36,251 to $87,850 |
$48,601 to $125,450 | $72,501 to $146,400 | $36,251 to $73,200 |
28% |
$87,851 to $183,250 | $125,451 to $203,150 | $146,401 to $223,050 | $73,201 to $111,525 |
33% |
$183,251 to $398,350 | $203,151 to $398,350 |
$223,051 to $398,350 |
$111,526 to $199,175 |
35% |
$398,351 to $400,000 | $398,351 to $425,000 | $398,351 to $450,000 | $199,176 to $225,000 |
39.6% |
$400,001 or more | $425,001 or more | $450,001 or more |
$225,001 or more |
Whether you're focusing on your 2013 taxes, getting a head start on your 2014 tax planning or both, these tables should help.
And stay tuned for more on the 2014 tax inflation numbers.
New tax brackets, soda tax: The 2014 inflation adjusted tax brackets were, of course, a topic last week at my other tax blog.
I also blogged about San Francisco's proposed soda tax.
You can find out what tax matters I'm talking about at the Bankrate Taxes Blog on most Tuesdays and Thursdays. Or you can find a synopsis here on the ol' blog the following weekend.
You also might find these items of interest:
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