What will the 2012 tax rates and 2012 tax brackets look like? The IRS recently released the new tax brackets. You can use the 2012 tax tables below to help you determine the amount of tax you will owe.
Here’s what the federal tax tables for 2012 look like for all filing statuses.
2012 Tax Rates & Tax Brackets
| Tax Rate | Single | Married Filing Joint | Married Filing Separate | Head of Household |
|---|
| 10% | Up to $8,700 | Up to $17,400 | Up to $8,700 | Up to $12,400 |
| 15% | $8,701 – $35,350 | $17,401 – $70,700 | $8,701 – $35,350 | $12,401 – $47,350 |
| 25% | $35,351 – $85,650 | $70,701 – $142,700 | $35,351 – $71,350 | $47,351 – $122,300 |
| 28% | $85,651 – $178,650 | $142,701 – $217,450 | $71,351 – $108,725 | $122,301 – $198,050 |
| 33% | $178,651 – $388,350 | $217,451 – $388,350 | $108,726 – $194,175 | $198,051 – $388,350 |
| 35% | Over $388,350 | Over $388,350 | Over $194,175 | Over $388,350 |
2012 Tax Rates vs 2013 Tax Rates
Want to compare the 2012 tax brackets to this year to see the changes? You can review the 2013 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 2012 federal tax tables above, you may owe tax under the alternative minimum tax. You can review the 2012 AMT exemption to see if it will apply to you.
The finalized 2012 tax rates and 2012 tax brackets are based on the following tax extensions:
2012 Tax Calculator
To figure out what your taxes look like for 2012, you can use the 2012 Tax Calculator. We’ll publish a 2013 tax calculator soon to help you calculate your overall tax bill for next year.
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