What do the 2013 tax rates and 2013 tax brackets look like?
Update: A new bill will extend tax cuts for most people. The 2013 income tax brackets will keep the 10%, 15%, 25%, 28%, 33% and 35% tax brackets in place from last year. A 39.6% tax bracket will kick in for individuals over $400,000 and married filing joint at $450,000.
2013 Tax Rates & Tax Brackets
The IRS recently released the final 2013 tax brackets. Here are the federal 2013 tax tables:
| Tax Rate | Single | Married Filing Joint | Married Filing Separate | Head of Household |
|---|
| 10% | Up to $8,925 | Up to $17,850 | Up to $8,925 | Up to $12,750 |
| 15% | $8,926 – $36,250 | $17,851 – $72,500 | $8,926 – $36,250 | $12,751 – $48,600 |
| 25% | $36,251 – $87,850 | $72,501 – $146,400 | $36,251 – $73,200 | $48,601 – $125,450 |
| 28% | $87,851 – $183,250 | $146,401 – $223,050 | $73,201 – $111,525 | $125,451 – $203,150 |
| 33% | $183,251 – $398,350 | $223,051 – $398,350 | $111,526 – $199,175 | $203,151 – $398,350 |
| 35% | $398,351 – $400,000 | $398,351 – $450,000 | $199,176 – $225,000 | $398,351 – $425,000 |
| 39.6% | Over $400,000 | Over $450,000 | Over $225,000 | Over $425,000 |
The 2013 federal tax tables are based on your filing status for the 2013 calendar year.
2013 Tax Rates vs 2012 Tax Rates
Want to compare the proposed 2013 tax brackets to the current year to see the changes?
The biggest change in the bill is adding the 39.6% tax bracket. The original proposal to raise the 33% tax bracket to 36% for taxpayers with AGI over $200,000 for single and $250,000 for married couples was not included in the bill.
Here are the 2012 tax rates for comparison.
More on Tax Brackets
The tax bracket you fall in is a marginal tax rate and it doesn’t apply to all of your income. For more information, see How Do Tax Brackets Work?
In addition to the tax brackets and 2013 federal tax tables above, you may owe tax under the alternative minimum tax. You can review the AMT exemption to see if it will apply to you.
The finalized 2013 tax rates and 2013 tax tables are based on the Fiscal Cliff Deal passed during 2013.
To compare 2013 tax brackets to next year, see What Might the 2014 Tax Rates Look Like?.
Tax Calculator
To figure out what your taxes currently look like, you can use the Tax Calculator.
