Guide to Federal Tax Brackets

2011 & 2012 FEDERAL TAX BRACKETS

2011 FEDERAL TAX BRACKETS

SINGLE EARNERS

2011 FEDERAL TAX BRACKETS

• Taxable Income:

Income Tax:

• $0 - $8,500

10% of the amount over $0

• $8,501 - $34,500

$850 plus 15% of the amount over $8,500

• $34,001 - $83,600

$4,750 plus 25% of the amount over $34,000

• $82,601 - $174,400

$17,025 plus 28% of the amount over $83,600

• $174,401 - $379,150

$42,449 plus 33% of the amount over $174,400

• $379,151 +

$110,016.50 plus 35% of the amount over $379,150

MARRIED FILING JOINTLY

2011 FEDERAL TAX BRACKETS

• Taxable Income:

Income Tax:

• $0 - $17,000

10% of the amount over $0

• $17,001 - $69,000

$1,700 plus 15% of the amount over $17,000

• $69,001 - $139,350

$9,500 plus 25% of the amount over $69,000

• $139,351 - $212,300

$27,087.50 plus 28% of the amount over $139,350

• $212,301 - $379,150

$47,513.50 plus 33% of the amount over $212,300

• $379,150 +

$102,574 plus 35% of the amount over $379,150

MARRIED FILING SEPARATELY

2011 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who are Married but File Separately:

• Taxable Income:

Income Tax:

• $0 - $8,500

10% of the amount over $0

• $8,501 - $34,500

$850 plus 15% of the amount over $8,500

• $34,501 - $69,675

$4,750 plus 25% of the amount over $34,500

• $69,676 - $106,150

$13,543.75 plus 28% of the amount over $69,675

• $106,151 - $189,575

$23,756.75 plus 33% of the amount over $106,150

• $189,575 +

$51,287 plus 35% of the amount over $189,575

HEAD OF HOUSEHOLD

2011 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who file as Head of Household

• Taxable Income:

Income Tax:

• $0 - $12,150

10% of the amount over $0

• $12,151 - $46,250

$1,215 plus 15% of the amount over $12,150

• $46,251 - $119,400

$6,330 plus 25% of the amount over $46,250

• $119,401 - $193,350

$24,617.50 plus 28% of the amount over $119,400

• $193,351 - $379,150

$45,323.50 plus 33% of the amount over $193,350

• $379,151 +

$106,637.50 35% of the amount over $379,150

2012 FEDERAL TAX BRACKETS

SINGLE EARNERS

2012 FEDERAL TAX BRACKETS

• Taxable Income:

Income Tax:

• $0 - $8,700

10% of the amount over $0

• $8,701 - $35,350

$870 plus 15% of the amount over $8,700

• $35,351 - $85,650

$4,867.50 plus 25% of the amount over $35,350

• $85,651 - $178,650

$17,442.50 plus 28% of the amount over $85,650

• $ 178,651 - $388,350

$43,482.50 plus 33% of the amount over $178,650

• $ 388,350 +

$112,683.50 plus 35% of the amount over $388,350

MARRIED FILING JOINTLY

2012 FEDERAL TAX BRACKETS

• Taxable Income:

Income Tax:

• $0 - $17,040

10% of the amount over $0

• $17,041 - $70,700

$1,740 plus 15% of the amount over $17,040

• $70,701 - $142,700

$9,735 plus 25% of the amount over $70,700

• $ 142,701 - $217,450

$27,735 plus 28% of the amount over $142,700

• $ 217,451 - $388,350

$48,665 plus 33% of the amount over $388,350

• $388,350 +

$105,062 plus 35% of the amount over $388,350

MARRIED FILING SEPARATELY

2012 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who are Married but File Separately

• Taxable Income:

Income Tax:

• $0 - $8,700

10% of the amount over $0

• $8,701 - $35,350

$850 plus 15% of the amount over $8,700

• $35,351 - $71,350

$4,750 plus 25% of the amount over $35,350

• $ 71,351 - $108,725

$13,543.75 plus 28% of the amount over $71,350

• $108,726 - $194,175

$23,756.75 plus 33% of the amount over $194,175

• $194,175 +

$51,287 plus 35% of the amount over $194,175

HEAD OF HOUSEHOLD

2012 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who file as Head of Household

• Taxable Income:

Income Tax:

• $0 - $12,400

10% of the amount over $0

• $12,401 - $47,350

$1,400 plus 15% of the amount over $12,400

• $47,351 - $122,300

$6,642 plus 25% of the amount over $47,350

• $122,301 - $198,050

$25,380 plus 28% of the amount over $122,300

• $198,051 - $388,350

$46,590 plus 33% of the amount over $198,050

• $388,350 +

$109,389 plus 35% of the amount over $388,350

What are Federal Tax Brackets?

The federal income tax in the United States is a progressive model where individuals who earn higher wages are taxed at a higher percentage and vice versa. The federal tax brackets represent the divisions at which tax rates are implemented; these federal tax rates will change based on a given fiscal year in accordance with inflation, legislation and the macro-economic standing of the country. In essence, the federal tax brackets represent cutoff values for an earner’s taxable income—incomes past a certain point will be taxed at the next available tax bracket.

Additionally the tax rates will fluctuate for individuals who file separately or for those couples who file joint returns. The tax rate is dependent on income, meaning the amount of money an individual earns from his or her job; however, the positioning within federal tax brackets will also fluctuate given the delivery of tax deductions, tax credits, and the status of the filing.

The following federal tax brackets will elucidate on the taxable incomes of American earners and the separate filing statuses that are present in the Federal income taxation system.

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