Rates

Frequently Asked Questions

[ General ] [ Rates ] [ Retirement ]

Q:	What is my tax rate? Listed below are marginal tax rates (step rates). Therefore, if you are single and make $50,000 in taxable income, your tax rate is 25% for each additional dollar made
A:	2012 Marginal rates:	Single	Head of Household	Married
	10%	$8,700	$12,400	$17,400
	15%	$35,350	$47,350	$70,700
	25%	$85,650	$122,300	$142,700
	28%	$178,650	$198,050	$217,450
	33%	$388,350	$388,350	$388,350
	35%	$388,350+	$388,350+	$388,350+

	2013 Marginal rates:	Single	Head of Household	Married
	10%	$8,925	$12,750	$17,850
	15%	$36,250	$48,500	$72,500
	25%	$87.850	$125,450	$146,400
	28%	$183,250	$203,150	$223,050
	33%	$398,350	$398,350	$398,350
	35%	$400,000	$425,000	$450,000
	39.6%	$400,000+	$425,000+	$450,000+

	2014 Marginal rates:	Single	Head of Household	Married
	10%	$9,075	$12,950	$18,150
	15%	$36,900	$49,400	$73,800
	25%	$89,350	$127,550	$148,850
	28%	$186,350	$206,600	$226,850
	33%	$405,100	$405,100	$405,100
	35%	$406,750	$432,200	$457,600
	39.6%	$406,750+	$432,200+	$457,600+

Q:	What are the standard deductions for 2012 and 2013
A:		Single	Head of Household	Married
	2012	$5,950	$8,700	$11,900
	add-on for blind/over-65	$1,450	$1,450	$1,150
	2013	$6,100	$8,950	$12,200
	add-on for blind/over-65	$1,500	$1,500	$1,200
	2014	$6,200	$9,100	$12,400
	add-on for blind/over-65	$1,550	$1,550	$1,200

Q:	What are the personal exemption amounts for 2009 and 2010?
A:	2012			$3,800
	2013			$3,900
	2014			$3,950

Amy R. Cook, CPA
7908 Cameron Rd; Austin, TX 78754
512.222.1267 (office) / 512.789.2592 (mobile)
amy@acookcpa.com