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IRS 2005 Tax Rates for Married Couples Filing Jointly

These tax tables are designed for married individuals filing their 2005 income tax return, and represent significant changes from Tax Year 2004.

These tables are effective January 1, 2005, and may also be used for qualifying widows and widowers. These rates 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
$14,600
$0
10%
$0
$14,600
$59,400
$1,460.00
15%
$14,600
$59,400
$119,950
$8,180.00
25%
$59,400
$119,950
$182,800
$23,317.50
28%
$119,950
$182,800
$326,450
$40,915.50
33%
$182,800
$326,450
- - - - -
$88,320.00
35%
$326,450

 

 

Example #1

John and Mary Richards, two married taxpayers, have 2005 TAXABLE INCOME of $130,000. Richards' income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$119,950
$182,800
$23,317.50
28%
$119,950

 

John & Mary Richards' Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $23,317.50 + [.28 x ($130,000 - $119,950)]
  = $23,317.50 + (.28 x $10,050) 
  = $23,317.50 + $2,814.00 
  = $26,131.50 

John and Mary's total tax dropped $226.00 from their 2004 tax return, using the 2004 income tax rate table for joint married taxpayers.

 

Example #2

Larry and Linda Edwards, two married taxpayers filing a joint return, have combined 2005 TAXABLE INCOME of $185,000. The Edwards' income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$182,800
$326,450
$40,915.50
33%
$182,800

 

Larry & Linda Edwards' Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $40,915.50 + [.33 x ($185,000 - $182,800)]
  = $40,915.50 + (.33 x $2,200)
  = $40,915.50 + $2,095.50 
  = $41,641.50

Larry and Linda also experienced tax savings from the previous year. Their total tax dropped over $433.00 from their 2004 tax return, using the 2004 income tax rate table for joint married taxpayers.


This equation does not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2005 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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