2013 Tax Rate

2013 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$17,850	10% of the taxable amount
$17,850	$72,500	$1,785 plus 15% of the excess over $17,850
$72,500	$146,400	$9,982.50 plus 25% of the excess over $72,500
$146,400	$223,050	$28,457.50 plus 28% of the excess over $146,400
$223,050	$398,350	$49,919.50 plus 33% of the excess over $223,050
$398,350	$450,000	$107,768.50 plus 35% of the excess over $398,350
$450,000	no limit	$125,846 plus 39.6% of the excess over $450,000

2013 Tax Rates Schedule Y-2 – Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$8,925	10% of the taxable amount
$8,925	$36,250	$892.50 plus 15% of the excess over $8,925
$36,250	$73,200	$4,991.25 plus 25% of the excess over $36,250
$73,200	$111,525	$14,228.75 plus 28% of the excess over $73,200
$111,525	$199,175	$24,959.75 plus 33% of the excess over $111,525
$199,175	$225,000	$53,884.25 plus 35% of the excess over $199,175
Over $225,000	no limit	$62,923 plus 39.6% of the excess over $225,000

2013 Tax Rates Schedule Z – Head of Household
If taxable income is over	But not over	The tax is
$0	$12,750	10% of the taxable amount
$12,750	$48,600	$1,275 plus 15% of the excess over $12,750
$48,600	$125,450	$6,652.50 plus 25% of the excess over $48,600
$125,450	$203,150	$25,865 plus 28% of the excess over $125,450
$203,150	$398,350	$47,621 plus 33% of the excess over $203,150
$398,350	$425,000	$112,037 plus 35% of the excess over $398,350
$425,000	no limit	$121,364.50 plus 39.6% of the excess over $425,000

Additional Medicare 2013 Tax Rates
Additional Medicare Tax	0.9%
Filing status	Compensation over
Married filing jointly	$250,000
Married filing separate	$125,000
Single	$200,000
Head of household (with qualifying person)	$200,000
Qualifying widow(er) with dependent child	$200,000

Education 2013 Credit and Deduction Limits
American Opportunity Tax Credit	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Miscellaneous 2013 Tax Rates
Personal Exemption	$3,900
Business Equipment Expense Deduction	$500,000
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2012 tax liability
Standard mileage rate for business driving	56.5 cents
Standard mileage rate for medical/moving driving	24 cents
Standard mileage rate for charitable driving	14 cents
Child Tax Credit	$1,000
Unearned income maximum for children before kiddie tax applies	$1,000
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket	0%
Maximum capital gains tax rate for taxpayers above the 15% bracket	15%
Capital gains tax rate for unrecaptured Sec. 1250 gains	25%
Capital gains tax rate on collectibles	28%
Maximum contribution for Traditional/Roth IRA	$5,500 if under age 50 $6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA	$12,000 if under age 50 $14,500 if 50 or older
Maximum Contribution to SEP IRA	25% of compensation up to $51,000
401(k) maximum employee contribution limit	$17,500 if under age 50 $23,000 if 50 or older
Self-employed health insurance deduction	100%
Estate tax exemption	$5,250,000
Annual Exclusion for Gifts	$14,000

2013 Tax Rates Schedule X – Single