*Source http://taxes.about.com/od/Federal-Income-Taxes/qt/Tax-Rates-For-The-2012-Tax-Year.htm
Note: These tax rate schedules are provided for tax planning purposes. To compute your actual income tax, please see the 2012 instructions for Form 1040 and the 2012 Tax Tables.
Each tax rate applies to a range of income, which is called a tax bracket. Each tax rate applies to a specific range of taxable income, which is income after various deductions have been subtracted.
Single Filing Status
[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
- 10% on taxable income from $0 to $8,700, plus
- 15% on taxable income over $8,700 to $35,350, plus
- 25% on taxable income over $35,350 to $85,650, plus
- 28% on taxable income over $85,650 to $178,650, plus
- 33% on taxable income over $178,650 to $388,350, plus
- 35% on taxable income over $388,350.
Married Filing Jointly or Qualifying Widow(er) Filing Status
[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
- 10% on taxable income from $0 to $17,400, plus
- 15% on taxable income over $17,400 to $70,700, plus
- 25% on taxable income over $70,700 to $142,700, plus
- 28% on taxable income over $142,700 to $217,450, plus
- 33% on taxable income over $217,450 to $388,350, plus
- 35% on taxable income over $388,350.
Married Filing Separately Filing Status
[Tax Rate Schedule Y-2, Internal Revenue Code section 1(d)]
- 10% on taxable income from $0 to $8,700, plus
- 15% on taxable income over $8,700 to $35,350, plus
- 25% on taxable income over $35,350 to $71,350, plus
- 28% on taxable income over $71,350 to $108,725, plus
- 33% on taxable income over $108,725 to $194,175, plus
- 35% on taxable income over $194,175.
Head of Household Filing Status
[Tax Rate Schedule Z, Internal Revenue Code section 1(b)]
- 10% on taxable income from $0 to $12,400, plus
- 15% on taxable income over $12,400 to $47,350, plus
- 25% on taxable income over $47,350 to $122,300, plus
- 28% on taxable income over $122,300 to $198,050, plus
- 33% on taxable income over $198,050 to $388,350, plus
- 35% on taxable income over $388,350.
