Share

2014 Federal Income Tax Brackets

Find out your 2014 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

2014 Tax

Not over $18,150

 

10% of the taxable income

Over 18,150 but not over $73,800

 

$1,815 plus $15% of the excess over $18,150

Over $73,800 but not over $148,850

 

$10,162.50 plus 25% of the excess over $73,800

Over $148,850 but not over $226,850

 

$28,925 plus 28% of the excess over $148,850

Over $226,850 but not over $405,100

 

$50,765 plus 33% of the excess over $226,850

Over $405,100 but not over $457,600

 

$109,587.50 plus 35% of the excess over $405,100

Over $457,600

$127,962.50 plus 39.6% of the excess

Over $457,600

 

Heads of Households

 

Taxable Income

2014 Tax

Not over $12,950

10% of the taxable income

Over $12,950 but not over $49,400

 

$1,295 plus 15% of the excess over $12,950

Over $49,400 but not over $127,550

 

$6,762.50 plus 25% of the excess over $49,400

Over $127,550 but not over $206,600

 

$26,300 plus 28% of the excess over $127,550

Over $206,600 but not over $405,100

 

$48,434 plus 33% of the excess over $206,600

Over $405,100 but not over $432,200

 

$113,939 plus 35% of the excess over $405,100

Over $432,200

$123,424 plus 39.6% of the excess over

$432,200

 

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

 

Taxable Income

2014 Tax

Not over $9,075

10% of the taxable income

Over $9,075 but not over $36,900

$907.50 plus 15% of the excess over $9,075

Over $36,900 but not over $89,350

$5,081.25 plus 25% of the excess over $36,900

Over $89,350 but not over $186,350

$18,193.75 plus 28% of the excess over $89,350

Over $186,350 but not over $405,100

$45,353.75 plus 33% of the excess over $186,350

Over $405,100 but not over $406,750

$117,541.25 plus 35% of the excess over $405,100

Over $406,750

$118,118.75 plus 39.6% of the excess over $406,750

 

Married Individuals Filing Separate Returns

 

Taxable Income

2014 Tax

Not over $9,075

10% of the taxable income

Over $9,075 but not over $36,900

$907.50 plus 15% of the excess over $9,075

Over $36,900 but not over $74,425

 

$5,081.25 plus 25% of the excess over $36,900

Over $74,425 but not over $113,425

 

$14,462.50 plus 28% of the excess over $74,425

Over $113,425 but not over $202,550

 

$25,382.50 plus 33% of the excess over $113,425

Over $202,550 but not over $228,800

 

$54,793.75 plus 35% of the excess over $202,550

Over $228,800

$63,981.25 plus 39.6% of the excess

 

Estates & Trusts

 

Taxable Income

2014 Tax

Not over $2,500

15% of the taxable income

Over $2,500 but not over $5,800

$375 plus 25% of the excess over $2,500

Over $5,800 but not over $8,900

 

$1,260 plus 28% of the excess over $5,800

Over $8,900 but not over $12,150

 

$2,068 plus 33% of the excess over $8,900

Over $12,150

 

$3,140.50 plus 39.6% of the excess

 

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.

 

If you're already a subscriber to the Tax Reduction Letter, you will be prompted to log in when you CLICK HERE.

If you are not yet a subscriber, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read all of our helpful tax saving tips from the last two months. This trial is absolutely free and there are no strings attached.


 

1    Rev. Proc. 2013-35.

Share this entire article with a friend

Clicky