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IRS 2004 Tax Rates for Married Couples Filing Separately

These tax tables are designed for married individuals filing their 2004 income tax return separately.

These tables are effective January 1, 2004, and do not take into account any credits, such as the standard deduction, mortgage deductions, etc.

(Includes examples at bottom.)

 

 

 

 

Single

Joint Married

Married Filing Separate

Head of Household

Trusts

 

 

 

 

 

 
If Taxpayer's Income Is... Then Estimated Taxes Are...

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$0
$7,150
$0
10%
$0
$7,150
$29,050
$715.00
15%
$7,150
$29,050
$58,625
$4,000.00
25%
$29,050
$58,625
$89,325
$11,393.75
28%
$58,625
$89,325
$159,550
$19,989.75
33%
$89,325
$159,550
- - - - -
$43,164.00
35%
$159,550

 

 

Example #1

Joe McMurdoch, a married taxpayer filing his own return, has TAXABLE INCOME of $85,000. McMurdoch's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$58,625
$89,325
$11,393.75
28%
$58,625

 

Joe McMurdoch's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $11,393.75 + [.28 x ($85,000 - $58,625)]
  = $11,393.75 + (.28 x $26,375) 
  = $11,393.75 + $7,385.00
  = $18,778.75

 

 

Example #2

Mildred Filner, a married woman who is filing her return independently of her husband, has TAXABLE INCOME of $58,000. Her income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$29,050
$58,625
$4,000.00
25%
$29,050

 

Mildred Filner 's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $4,000.00 + [.25 x ($58,000 - $29,050)]
  = $4,000.00 + (.25 x $28,950)
  = $4,000.00 + $7,237.50 
  = $11,237.50 

This equation does not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2004 income taxes. The names mentioned in these samples are fictitious and not based on any individual. Actual tax tables may apply if your income is less than $100,000. For illustrative and planning purposes only.

 

 
 
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