Tax Rates 2013

2015 Tax Rates 2014 Tax Rates 2013 Tax Rates 2012 Tax Rates

2013 Tax Rates Schedule X – Single

If taxable income is over But not over The tax is
$0 $8,925 10% of the taxable amount
$8,925 $36,250 $892.50 plus 15% of the excess over $8,925
$36,250 $87,850 $4,991.25 plus 25% of the excess over $36,250
$87,850 $183,250 $17,891.25 plus 28% of the excess over $87,850
$183,250 $398,350 $44,603.25 plus 33% of the excess over $183,250
$398,350 $400,000 $115,586.25 plus 35% of the excess over $398,350
Over $400,000 no limit $116,163.75 plus 39.6% of the excess over $400,000

2013 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over But not over The tax is
$0 $17,850 10% of the taxable amount
$17,850 $72,500 $1,785 plus 15% of the excess over $17,850
$72,500 $146,400 $9,982.50 plus 25% of the excess over $72,500
$146,400 $223,050 $28,457.50 plus 28% of the excess over $146,400
$223,050 $398,350 $49,919.50 plus 33% of the excess over $223,050
$398,350 $450,000 $107,768.50 plus 35% of the excess over $398,350
$450,000 no limit $125,846 plus 39.6% of the excess over $450,000

2013 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over But not over The tax is
$0 $8,925 10% of the taxable amount
$8,925 $36,250 $892.50 plus 15% of the excess over $8,925
$36,250 $73,200 $4,991.25 plus 25% of the excess over $36,250
$73,200 $111,525 $14,228.75 plus 28% of the excess over $73,200
$111,525 $199,175 $24,959.75 plus 33% of the excess over $111,525
$199,175 $225,000 $53,884.25 plus 35% of the excess over $199,175
Over $225,000 no limit $62,923 plus 39.6% of the excess over $225,000

2013 Tax Rates Schedule Z – Head of Household

If taxable income is over But not over The tax is
$0 $12,750 10% of the taxable amount
$12,750 $48,600 $1,275 plus 15% of the excess over $12,750
$48,600 $125,450 $6,652.50 plus 25% of the excess over $48,600
$125,450 $203,150 $25,865 plus 28% of the excess over $125,450
$203,150 $398,350 $47,621 plus 33% of the excess over $203,150
$398,350 $425,000 $112,037 plus 35% of the excess over $398,350
Over $425,000 no limit $121,364.50 plus 39.6% of the excess over $425,000

2013 Tax Rates Estates and Trusts

If taxable income is over But not over The tax is
$0 $2,450 15% of the taxable income
$2,450 $5,700 $367.50 plus 25% of the excess over $2,450
$5,700 $8,750 $1,180 plus 28% of the excess over $5,700
$8,750 $11,950 $2,034 plus 33% of the excess over $8,750
Over $11,950 no limit $3,090 plus 39.6% of the excess over $11,950

Social Security 2013 Tax Rates

Base Salary $113,700
Social Security Tax Rate 6.2%
Maximum Social Security Tax $7,049.40
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2013 Tax Rates

Additional Medicare Tax 0.9%
Filing Status Compensation Over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2013 Credit and Deduction Limits

American Opportunity Tax Credit $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2013 Tax Rates

Personal Exemption $3,900
Business Equipment Expense Deduction $500,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2012 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 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 15%
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
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $12,000 if under age 50
$14,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $51,000
401(k) maximum employee contribution limit $17,500 if under age 50
$23,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $5,250,000
Annual Exclusion for Gifts $14,000