2014 Federal Income Tax Rate Schedule

 

Below is the 2014 federal income tax rate schedule for "ordinary income" based on filing status. Higher income taxpayers may also be subject to the 3.8% tax on net investment income and/or the 0.9% additional Medicare tax on earned income.

Single
If taxable income is between:
$1 to $9,075 x 10% minus $0 = Tax*
$9,076 to $36,900 x 15% minus $454 = Tax*
$36,901 to $89,350 x 25% minus $4,144 = Tax*
$89,351 to $186,350 x 28% minus $6,824 = Tax*
$186,351 to $405,100 x 33% minus $16,142 = Tax*
$405,101 to $406,750 x 35% minus $24,244 = Tax*
$406,751 to ................. x 39.6% minus $42,954 = Tax*
Head of Household
If taxable income is between:
$1 to $12,950 x 10% minus $0 = Tax*
$12,951 to $49,400 x 15% minus $648 = Tax*
$49,401 to $127,550 x 25% minus $5,588 = Tax*
$127,551 to $206,600 x 28% minus $9,414 = Tax*
$206,601 to $405,100 x 33% minus $19,744 = Tax*
$405,101 to $432,200 x 35% minus $27,846 = Tax*
$432,201 to ................. x 39.6% minus $47,727 = Tax*
Married Filing Jointly OR Qualifying Widow(er)
If taxable income is between:
$1 to $18,150 x 10% minus $0 = Tax*
$18,151 to $73,800 x 15% minus $908 = Tax*
$73,801 to $148,850 x 25% minus $8,288 = Tax*
$148,851 to $226,850 x 28% minus $12,753 = Tax*
$226,851 to $405,100 x 33% minus $24,096 = Tax*
$405,101 to $457,600 x 35% minus $32,198 = Tax*
$457,601 to ................. x 39.6% minus $53,247 = Tax*
Married Filing Separately
If taxable income is between:
$1 to $9,075 x 10% minus $0 = Tax*
$9,076 to $36,900 x 15% minus $454 = Tax*
$36,901 to $74,425 x 25% minus $4,144 = Tax*
$74,426 to $113,425 x 28% minus $6,377 = Tax*
$113,426 to $202,550 x 33% minus $12,048 = Tax*
$202,551 to $228,800 x 35% minus $16,099 = Tax*
$228,801 to ................. x 39.6% minus $26,623 = Tax*
Example Federal income Tax Calculation

For tax year 2014, Joe is a SINGLE taxpayer and has ordinary taxable income in the amount of $43,500. What is his regular federal income tax?

Using the 2014 regular income tax rate schedule above for a single person, Joe's federal income tax is $6,731.

$43,500 X 25% = $10,875 - $4,144 = $6,731*

Caution!

*The IRS tax tables MUST be used for taxable income LESS THAN $100,000 to calculate the EXACT income tax. The calculations above should come within $100 of the EXACT income tax.