KB&Co.
{  We Don't Just Work With Numbers. We Work With People.  } We are dedicated professionals working together to provide comprehensive quality services to satisfy the needs of clients, business advisors, and each other.

Individual Income Tax Rates

Federal tax brackets change every year with inflation adjustments. The tables below show the 2010, 2011, and 2012 tax brackets and rates based on taxable income after exemptions and deductions:


Single    

Tax Rate   2010 2011 2012
10%   Less than $8,375 Less than $8,500 Less than $8,700
15%   8,375 - 34000 8,500 - 34,500 8,700 - 35,350
25%   34,000 - 82,400 34,500 - 83,600 35,350 - 85,650
28%   82,400 - 171,850 83,600 - 174,400 85,650 - 178,650
33%   171,850 - 373,650 174,400 - 379,150 178,650 - 388,350
35%   373,650 or Higher 379,150 or higher 388,350 or higher

Married Filing Jointly or Qualifying Widow(er)  

Tax Rate   2010 2011 2012
10%   Less than $16,700 Less than $17,000 Less than $17,400
15%   16,750 - 68,000 17,000 - 69,000 17,400 - 70,700
25%   68,000 - 137,300 69,000 - 139,350 70,700 - 142,700
28%   137,300 - 209,250 139,350 - 212,300 142,700 - 217,450
33%   209,250 - 373,650 212,300 - 379,150 217,450 - 388,350
35%   373,650 or Higher 379,150 or higher 388,350 or higher

Married Filing Separately    

Tax Rate   2010 2011 2012
10%   Less than $8,375 Less than $8,500 Less than $8,700
15%   8,375 - 34,000 8,500 - 34,500 8,700 - 35,350
25%   34,000 - 68,650 34,500 - 69,675 35,350 - 71,350
28%   68,650 - 104,625 69,675 - 106,150 71,350 - 108,725
33%   104,625 - 186,825 106,150 - 189,575 108,725 - 194,175
35%   186,825 or Higher 189,575 or higher 194,175 or higher

Head of Household    

Tax Rate   2010 2011 2012
10%   Less thnan $11,950 Less than $12,150 Less than $12,400
15%   11,950 - 45,550 12,150 - 46,250 12,400 - 47,350
25%   45,550 - 117,650 46,250 - 119,400 47,350 - 122,300
28%   117,650 - 190,550 119,400 - 193,350 122,300 - 198,050
33%   190,550 - 373,650 193,350 - 379,150 198,050 - 388,350
35%   373,650 or Higher 379,150 or higher 388,350 or higher

 

To ensure compliance with Treasury Circular 230, we are required to inform you that any advice concerning U.S. federal tax issues contained on this website is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code and was not written to support the promotion or marketing of any transaction or matter discussed herein. Application of tax regulations is specific to the individual or business and we recommend that you consult a qualified Komisar Brady tax professional for how the above information may apply to you.

   
   
  • Komisar Brady & Co., LLP
  • |
  • 135 South 84th Street, Suite 200
  • |
  • Milwaukee, WI 53214
  • |
  • Phone: 414-271-3966
FacebookLinkedIn