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2012 Federal Income Tax Brackets

Find out your 2012 federal income tax bracket with user friendly IRS tax tables for married individuals filing joint returns, heads of households, unmarried individuals, married individuals filing separate returns, and estates and trusts.1

Married Individuals Filing Joint Returns, & Surviving Spouses

 

Taxable Income

2012 Tax

Not over $17,400

10% of the taxable income

Over $17,400 but not over $70,700

$1,740 plus 15% of the excess over $17,400

Over $70,700 but not over $142,700

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

Over $142,700 but not over $217,450

 

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

Over $217,450 but not over $388,350

 

$48,665 plus 33% of the excess over $217,450

Over $388,350

 

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

 

Heads of Households

 

Taxable Income

2012 Tax

Not over $12,400

10% of the taxable incom

Over $12,400 but not over $47,350

 

$1,240 plus 15% of the excess over $12,400

Over $47,350 but not over $122,300

 

$6,482.50 plus 25% of the excess over $47,350

Over $122,300 but not over $198,050

 

$25,220 plus 28% of the excess over $122,300

Over $198,050 but not over $388,350

 

$46,430 plus 33% of the excess over $198,050

Over $388,350

 

$109,229 plus 35% of the excess over $388,350

 

Unmarried Individuals (other than surviving spouses and heads of households)

 

Taxable Income

2012 Tax

Not over $8,700

10% of the taxable income

Over $8,700 but not over $35,350

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

Over $35,350 but not over $85,650

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

Over $85,650 but not over $178,650

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

Over $178,650 but not over $388,350

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

Over $388,350

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

 

Married Individuals Filing Separate Returns

 

Taxable Income

2012 Tax

Not over $8,700

10% of the taxable income

Over $8,700 but not over $35,350

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

Over $35,350 but not over $71,350

 

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

Over $71,350 but not over $108,725

 

$13,867.50 plus 28% of the excess over $71,350

Over $108,725 but not over $194,175

 

$24,332.50 plus 33% of the excess over $108,725

Over $194,175

 

$52,531 plus 35% of the excess over $194,175

 

Estates & Trusts

 

Taxable Income

2012 Tax

Not over $2,400

15% of the taxable income

Over $2,400 but not over $5,600

$360 plus 25% of the excess over $2,400

Over $5,600 but not over $8,500

 

$1,160 plus 28% of the excess over $5,600

Over $8,500 but not over $11,650

 

$1,972 plus 33% of the excess over $8,500

Over $11,650

 

$3,011.50 plus 35% of the excess over $11,650

 

Planning Tip

 

When looking at your federal income tax bracket, pay attention first to your last bracket. Why? That’s where you start to pocket cash when you find a new or additional tax deduction.

 

Example. You are married. You and your spouse have taxable income of $110,000. That puts the two of you in the 25 percent federal income tax bracket. If you can find $10,000 in new deductions, you pocket $2,500.

 

To find more practical tax strategies, we suggest that you read the monthly articles published online at the Bradford Tax Institute. We provide cutting-edge tax information for the self-employed, the one owner business, and the husband and wife owned business.

 

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1    Rev. Proc. 2011-52.