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IRS 2005 Tax Rates for Heads of Households

These tax tables are designed for individuals heading their household, filing their 2005 income tax return. Like the other income tax rates, the head of household rates differ dramatically from the previous year.

These tables are effective January 1, 2005, 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
$10,450
$0
10%
$0
$10,450
$39,800
$1,045.00
15%
$10,450
$39,800
$102,800
$5,447.50
25%
$39,800
$102,800
$166,450
$21,197.50
28%
$102,800
$166,450
$326,450
$39,019.50
33%
$166,450
$326,450
- - - - -
$91,819.50
35%
$326,450

 

 

Example #1

Mary Ann Smith, a timely taxpayer, has 2005 TAXABLE INCOME of $125,000. Smith's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$102,800
$166,450
$21,197.50
28%
$102,800

 

Mary Ann Smith's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $21,197.50 + [.28 x ($125,000 - $102,800)]
  = $21,197.50 + (.28 x $22,200) 
  = $21,197.50 + $6,216.00 
  = $27,413.50

Mary Ann's total tax dropped over $170.00 from her 2004 tax return, using the 2004 income tax rate table for heads of household.

 

Example #2

Michael Doerty, a father and the head of his household, has an estimated TAXABLE INCOME of $62,000. Doe's income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$39,800
$102,800
$5,447.50
25%
$39,800

 

Michael Doerty's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $5,447.50 + [.25 x ($62,000 - $39,800)]
  = $5,447.50 + (.25 x $22,200)
  = $5,447.50 + $5,550.00 
  = $10,997.50 

Michael also saved over the previous year. His total tax dropped over $100.00 from his 2004 tax return, using the 2004 income tax rate table for heads of household.

 


 

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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