|
Single |
|
If taxable income is
between: |
|
$1 |
to |
$7,300 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$7,301 |
to |
$29,700 |
X |
15% |
minus |
$365.00 |
= Tax |
|
$29,701 |
to |
$71,950 |
X |
25% |
minus |
$3,335.00 |
= Tax
|
|
$71,951 |
to |
$150,150 |
X |
28% |
minus |
$5,493.50 |
= Tax
|
|
$150,151 |
to |
$326,450 |
X |
33% |
minus |
$13,001.00 |
= Tax |
|
$326,451 |
to |
............. |
X |
35% |
minus |
$19,530.00 |
= Tax |
|
|
Head of Household |
|
If taxable income is
between: |
|
$1 |
to |
$10,450 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$10,451 |
to |
$39,800 |
X |
15% |
minus |
$522.50 |
= Tax |
|
$39,801 |
to |
$102,800 |
X |
25% |
minus |
$4,502.50 |
= Tax |
|
$102,801 |
to |
$166,450 |
X |
28% |
minus |
$7,586.50 |
= Tax |
|
$166,451 |
to |
$326,450 |
X |
33% |
minus |
$15,909.00 |
= Tax |
|
$326,451 |
to |
............. |
X |
35% |
minus |
$22,438.00 |
= Tax |
|
|
Married
Filing Jointly or Qualifying Widow(er) |
|
If taxable income is
between: |
|
$1 |
to |
$14,600 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$14,601 |
to |
$59,400 |
X |
15% |
minus |
$730.00 |
= Tax |
|
$59,401 |
to |
$119,950 |
X |
25% |
minus |
$6,670.00 |
= Tax |
|
$119,951 |
to |
$182,800 |
X |
28% |
minus |
$10,268.50 |
= Tax |
|
$182,801 |
to |
$326,450 |
X |
33% |
minus |
$19,408.50 |
= Tax |
|
$326,451 |
to |
............. |
X |
35% |
minus |
$25,937.50 |
= Tax |
|
|
Married
Filing Separately |
|
If taxable income is
between: |
|
$1 |
to |
$7,300 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$7,301 |
to |
$29,700 |
X |
15% |
minus |
$365.00 |
= Tax |
|
$29,701 |
to |
$59,975 |
X |
25% |
minus |
$3,335.00 |
= Tax |
|
$59,976 |
to |
$91,400 |
X |
28% |
minus |
$5,134.25 |
= Tax |
|
$91,401 |
to |
$163,225 |
X |
33% |
minus |
$9,704.25 |
= Tax |
|
$163,226 |
to |
............. |
X |
35% |
minus |
$12,968.75 |
= Tax |
|
|
Example Tax Calculation |
| Joe is a SINGLE taxpayer
and has taxable income in the amount of $43,500. What is his
regular Federal income tax? |
|
Using the
2005 regular income tax rate schedule above: |
|
$43,500 X
25%
= $10,875 - $3,335.00 =
$7,540 |
|
|
 |
The IRS tax tables MUST be used for taxable income LESS THAN
$100,000. |
|
|
