Accounting Solutions

2014 Tax Rates

 

Single

If taxable income is: The tax is:
$0 to $9,075 10% of taxable income
$9,075 to $36,900 $907.50 + 15% of the amount over $9,075
$36,900 to $89,350 $5,081.25 + 25% of the amount over $36,900
$89,350 to $186,350 $18,193.75 + 28% of the amount over $89,350
$186,350 to $405,100 $45,353.75 + 33% of the amount over $186,350
$405,100 to $406,750 $117,541.25 + 35% of the amount over $405,100
Over $406,750 $118,118.75 + 39.6% of the amount over $406,750

Head of Household

If taxable income is: The tax is:
$0 to $12,950 10% of taxable income
$12,950 to $49,400 $1,295 + 15% of the amount over $12,950
$49,400 to $127,550 $6,762.50 + 25% of the amount over $49,400
$127,550 to $206,600 $26,300 + 28% of the amount over $127,550
$206,600 to $405,100 $48,434 + 33% of the amount over $206,600
$405,100 to $432,200 $113,939 + 35% of the amount over $405,100
Over $432,200 $123,424 + 39.6% of the amount over $432,200

Married Filing Jointly

If taxable income is: The tax is:
$0 to $18,150 10% of taxable income
$18,150 to $73,800 $1,815 + 15% of the amount over $18,150
$73,800 to $148,850 $10,162.50 + 25% of the amount over $73,800
$148,850 to $226,850 $28,925 + 28% of the amount over $148,850
$226,850 to $405,100 $50,765 + 33% of the amount over $226,850
$405,100 to $457,600 $109,587.50 + 35% of the amount over $405,100
Over $457,600 $127,962.50 + 39.6% of the amount over $457,600

Married Filing Separately

If taxable income is: The tax is:
$0 to $9,075 10% of taxable income
$9,075 to $36,900 $907.50 + 15% of the amount over $9,075
$36,900 to $74,425 $5,081.25 + 25% of the amount over $36,900
$74,425 to $113,425 $14,462.50 + 28% of the amount over $74,425
$113,425 to $202,550 $25,382.50 + 33% of the amount over $113,425
$202,550 to $228,800 $54,793.75 + 35% of the amount over $202,550
Over $228,800 $63,981 + 39.6% of the amount over $228,800

Standard Mileage Rate

Use Rate
Business 56 cents
Medical Care or Move 23.5 cents
Charitible 14 cents

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