Tax Forms Center
Contact SaveWealth.com Important Links About SaveWealth.com Visit the Bookstore Save on Travel Reducing Taxes Retirement Planning Estate Planning SaveWealth.com

 
Advertising Information
Get Your Tax Refund Fast!

 

 

Taxes Home

Tax Forms

Your Tax Bracket

Alternative Minimum Tax

Estate Taxes

Software and Supplies

 



2013 Tax Brackets for Head of Households
(Schedule Z)

These tax tables are designed for individuals filing as head of household on their 2013 income tax return. Like the other income tax rates, the head of household rates differ significantly from the previous year.

The IRS is still digesting the American Taxpayer Relief Act of 2012, which added the new 39.6% tax rate. We expect them to publish official 2013 tax brackets sometime in the first quarter of 2013.

As such, these tables are preliminary, and effective as of January 1, 2013, and do not take into account any types of tax credits or deductions, such as the standard deduction, mortgage deductions, etc. They also do not reflect any rounding the IRS may do to simplify the rates.

 

Note: Due to recent legislation, these tax tables are conditional and for planning purposes only. Before filing a tax return, always check Form 1040 for current year tax tables.


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
$12,750
$0
10%
$0
$12,750
$48,600
$1,275.00
15%
$12,750
$48,600
$125,450
$6,652.50
25%
$48,600
$125,450
$203,150
$25,865.00
28%
$125,450
$203,150
$398,350
$47,621.00
33%
$203,150
$398,350
$425,000
$112,037.00
35%
$398,350
$425.000
- - - - -
$121,364.50
39.6%
$425,000

 

 

Example #1

Joel Julian, who is filing as head of household for the first time, has 2013 TAXABLE INCOME of $120,000. Joel's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$48,600
$125,450
$6,652.50
25%
$48,600

 

 

 

 

Joel Julian's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $6,652.50 + [.25 x ($120,000 - $48,600)]
  = $6,652.50 + (.25 x $71,400)
  = $6,652.50 + $17,850.00
  = $24,502.50

Assuming he earned the same last year, Joel's total tax dropped $142.50 over last year (when he was using the 2012 income tax rate table for head of household).

 


 

 

Example #2

Billye Boyer, the head of her household, has 2013 TAXABLE INCOME of $210,000. Billye's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$203,150
$398,350
$47,621.00
33%
$203,150

 

 

 

 

Billye Boyer's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $47,621.00 + [.33 x ($210,000 - $203,150)]
  = $47,621.00 + (.33 x $6,850)
  = $47,621.00 + $2,260.50
  = $49,881.50

Billye also saved over the previous year, assuming she earned the same. Her total tax dropped almost $500 from last year's tax return (when she was using the 2012 income tax rate table for head of household).

 

These sample equations do not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2013 income taxes. The names mentioned in these samples are fictitious and not based on any individual. For illustrative and planning purposes only. For more information, or to review the official tax tables, please download Instructions for Form 1040.

 

 

 

 

 
 
©2013 SaveWealth. All rights reserved.