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 Married Couples Filing Jointly

(Schedule Y-1)

These tax tables are designed for married individuals filing their 2013 income tax return, and represent significant changes from Tax Year 2012.

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.

Share This Page
 


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
$17,850
$0
10%
$0
$17,850
$72,500
$1,785.00
15%
$17,850
$72,500
$146,400
$9,982.50
25%
$72,500
$146,400
$223,050
$28,457.50
28%
$146,400
$223,050
$398,350
$49,919.50
33%
$223,050
$398,350
$450,000
$107,768.50
35%
$398,350
$450,000
- - - - -
$125,846.00
39.6%
$450,000

 

 

Example #1

Kyle and Kendra Kerry, two married taxpayers, have 2013 TAXABLE INCOME of $180,000. The Mitchell's income would fall between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$146,400
$223,050
$28,457.50
28%
$146,400


 

 

 

The Kerry's Estimated Taxes for 2013

  = Base Tax + (Rate x Amount Over)
  = $28,457.50 + [.28 x ($180,000 - $146,400)]
  = $28,457.50 + (.28 x $33,600)
  = $28,457.50 + $9,408.00
  = $37,865.50

Assuming Kyle and Kendra made the same amount from the previous year, their 2013 tax bill dropped by $313.50, using the 2012 income tax brackets for joint married taxpayers.

 


 

 

Example #2

Betty Barrett is a widow whose husband died in 2013. She has combined 2013 TAXABLE INCOME of $110,000. Her income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$72,500
$146,400
$9,982.50
25%
$72,500

 

 

 

 

Betty Barrett's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $9,982.50 + [.25 x ($110,000 - $72,500)]
  = $9,982.50 + (.25 x $37,500)
  = $9,982.50 + $9,375.00
  = $19,357.50

Betty also experienced tax savings from the previous year, assuming she and her husband had earned the same amount last year. Her total tax dropped over $200 from last year, using the 2012 income tax brackets for joint married taxpayers and qualifying widow(ers).

 

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.