|
|||
| 10% | 0 to $8,925 | ||
| 15% | $8,925 to $36,250 | ||
| 25% | $36,250 to $87,850 | ||
| 28% | $87,850 to $183,250 | ||
| 33% | $183,250 to $398,350 | ||
| 35% | $398,350 to $400,000 | ||
| 39.6% | Over $400,000 | ||
| 2013 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $12,200 | |||
| 10% | 0 to $17,850 | ||
| 15% | $17,850 to $72,500 | ||
| 25% | $72,500 to $146,400 | ||
| 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 | |||
| 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 | ||
| 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 $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 eligible compensation up to $51,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| 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 |
