|
Tax Rates |
|
|
|
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|
10% |
0 to $8,925 |
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|
15% |
$8,925 to $36,250 |
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|
25% |
$36,250 to $87,850 |
||
|
28% |
$87,850 to $183,250 |
||
|
33% |
$183,250 to $398,350 |
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|
35% |
$398,350 to $400,000 |
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|
39.6% |
Over $400,000 |
||
|
2013 Tax Rates - Married Jointly
& Surviving Spouses - Standard Deduction $12,200 |
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|
10% |
0 to $17,850 |
||
|
15% |
$17,850 to $72,500 |
||
|
25% |
$72,500 to $146,400 |
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|
28% |
$146,400 to $223,050 |
||
|
33% |
$223,050 to $398,350 |
||
|
35% |
$398,350 to $450,000 |
||
|
39.6% |
Over $450,000 |
||
|
2013 Tax Rates - Married Filing
Separately - Standard Deduction $6,100 |
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|
10% |
0 to $8,925 |
||
|
15% |
$8,925 to $36,250 |
||
|
25% |
$36,250 to $73,200 |
||
|
28% |
$73,200 to $111,525 |
||
|
33% |
$111,525 to $199,175 |
||
|
35% |
$199,175 to $225,000 |
||
|
39.6% |
Over $225,000 |
||
|
2013 Tax Rates - Head of Household -
Standard
Deduction $8,950 |
|||
|
10% |
0 to $12,750 |
||
|
15% |
$12,750 to $48,600 |
||
|
25% |
$48,600 to $125,450 |
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|
28% |
$125,450 to $203,150 |
||
|
33% |
$203,150 to $398,350 |
||
|
35% |
$398,350 to $425,000 |
||
|
39.6% |
Over $425,000 |
||
|
2013 Tax Rates - Estates &
Trusts |
|||
|
15% |
0 to $2,450 |
||
|
25% |
$2,450 to $5,700 |
||
|
28% |
$5,700 to $8,750 |
||
|
33% |
$8,750 to $11,950 |
||
|
39.6% |
Over $11,950 |
||
|
Social Security |
2013 Tax Rates |
|
Social Security Tax Rate: Employers |
6.2% |
|
Social Security Tax Rate: Employees |
6.2% |
|
Social Security Tax Rate: Self-Employed |
12.4% |
|
Maximum Taxable Earnings |
$113,700 |
|
Medicare Base Salary |
Unlimited |
|
Medicare Tax Rate |
1.45% |
|
Additional Medicare Tax for income above $200,000 (single
filers) or $250,00 (joint filers) |
0.9% |
|
Medicare tax on investment income ($200,00 single filers,
$250,00 joint filers) |
3.8% |
|
Miscellaneous |
2013 Tax Rates |
|
Personal
Exemption |
$3,900 |
|
Business expensing limit: Cap on equipment purchases |
$2,000,000 |
|
Business expensing limit: New and Used Equipment and Software |
$500,000 |
|
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2013 tax liability |
|
Standard mileage rate for business driving |
56.5 cents |
|
Standard mileage rate for medical/moving driving |
24 cents |
|
Standard mileage rate for charitable driving |
14 cents |
|
Child Tax Credit |
$1,000 |
|
Unearned income maximum for children under 19 before kiddie tax
applies |
$1,000 |
|
Maximum capital gains tax rate for taxpayers in the 10% or 15%
bracket |
0% |
|
Maximum capital gains tax rate for taxpayers above the 15%
bracket but below the 39.6% bracket |
15% |
|
Maximum capital gains tax rate for taxpayers in the 39.6%
bracket |
20% |
|
Capital gains tax rate for unrecaptured
Sec. 1250 gains |
25% |
|
Capital gains tax rate on collectibles |
28% |
|
Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50 |
|
Maximum employee contribution to SIMPLE IRA |
$12,000 if under age 50 |
|
Maximum Contribution to SEP IRA |
25% of eligible compensation |
|
401(k) maximum employee contribution limit |
$17,500 if under age 50 |
|
Estate tax exemption |
$5,250,000 |
|
Annual Exclusion for Gifts |
$14,000 |
|
Education |
2013 Tax Rates |
|
American Opportunity Credit (Hope) |
$2,500 |
|
Lifetime Learning Credit |
$2,000 |
|
Student Loan Interest Deduction |
$2,500 |
|
Coverdell Education Savings Contribution |
$2,000 |
|
Standard Meal Rates for Family Child Care
Providers for 2013 income tax returns |
|
|
Continental U.S. |
2013 Tax Rates |
|
For each breakfast |
$1.27 |
|
For each lunch or supper |
$2.38 |
|
For each snack (up to 3 per day for each child) |
$0.71 |
|
Alaska |
2013 Tax Rates |
|
For each breakfast |
$2.03 |
|
For each lunch or supper |
$3.86 |
|
For each snack (up to 3 per day for each child) |
$1.15 |
|
Hawaii |
2013 Tax Rates |
|
For each breakfast |
$1.48 |
|
For each lunch or supper |
$2.79 |
|
For each snack (up to 3 per day for each child) |
$0.83 |