|
Single |
|
If taxable income is
between: |
|
$1 |
to |
$8,025 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$8,026 |
to |
$32,550 |
X |
15% |
minus |
$401.25 |
= Tax |
|
$32,551 |
to |
$78,850 |
X |
25% |
minus |
$3,656.25 |
= Tax
|
|
$78,851 |
to |
$164,550 |
X |
28% |
minus |
$6,021.75 |
= Tax
|
|
$164,551 |
to |
$357,700 |
X |
33% |
minus |
$14,249.25 |
= Tax |
|
$357,701 |
to |
............. |
X |
35% |
minus |
$21,403.25 |
= Tax |
|
|
Head of Household |
|
If taxable income is
between: |
|
$1 |
to |
$11,450 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$11,451 |
to |
$43,650 |
X |
15% |
minus |
$572.50 |
= Tax |
|
$43,651 |
to |
$112,650 |
X |
25% |
minus |
$4,937.50 |
= Tax |
|
$112,651 |
to |
$182,400 |
X |
28% |
minus |
$8,317.00 |
= Tax |
|
$182,401 |
to |
$357,700 |
X |
33% |
minus |
$17,437.00 |
= Tax |
|
$357,701 |
to |
............. |
X |
35% |
minus |
$24,591.00 |
= Tax |
|
|
Married
Filing Jointly or Qualifying Widow(er) |
|
If taxable income is
between: |
|
$1 |
to |
$16,050 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$16,051 |
to |
$65,100 |
X |
15% |
minus |
$802.50 |
= Tax |
|
$65,101 |
to |
$131,450 |
X |
25% |
minus |
$7,312.50 |
= Tax |
|
$131,451 |
to |
$200,300 |
X |
28% |
minus |
$11,256.00 |
= Tax |
|
$200,301 |
to |
$357,700 |
X |
33% |
minus |
$21,271.00 |
= Tax |
|
$357,701 |
to |
............. |
X |
35% |
minus |
$28,425.00 |
= Tax |
|
|
Married
Filing Separately |
|
If taxable income is
between: |
|
$1 |
to |
$8,025 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$8,026 |
to |
$32,550 |
X |
15% |
minus |
$401.25 |
= Tax |
|
$32,551 |
to |
$65,725 |
X |
25% |
minus |
$3,656.25 |
= Tax |
|
$65,726 |
to |
$100,150 |
X |
28% |
minus |
$5,628.00 |
= Tax |
|
$100,151 |
to |
$178,850 |
X |
33% |
minus |
$10,635.50 |
= Tax |
|
$178,851 |
to |
............. |
X |
35% |
minus |
$14,212.50 |
= 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
2008 regular income tax rate schedule above: |
|
$43,500 X
25%
= $10,875 - $3,656.25 =
$7,218.75 |
|
|
 |
The IRS tax tables MUST be used for taxable income LESS THAN
$100,000. |
|
|
