2014 federal individual income tax rate schedules
If taxable income is: |
The tax is: |
Not over $9,075 |
10% of the taxable income |
Over $9,075 but not over $36,900 |
15% of the excess over $9,075 plus $907.50 |
Over $36,900 but not over $89,350 |
25% of the excess over $36,900 plus $5,081.25 |
Over $89,350 but not over $186,350 |
28% of the excess over $89,350 plus $18,193.75 |
Over $186,350 but not over $405,100 |
33% of the excess over $186,250 plus $45,353.75 |
Over $405,100 but not over $406,750 |
35% of the excess over $405,100 plus $117,541.25 |
Over $406,750 |
39.6% of the excess over $400,000 plus $118,188.75 |
If taxable income is: |
The tax is: |
Not over $9,075 |
10% of the taxable income |
Over $9,075 but not over $36,900 |
15% of the excess over $9,075 plus $907.50 |
Over $36,900 but not over $74,425 |
25% of the excess over $36,900 plus $5,081.25 |
Over $74,425 but not over $113,425 |
28% of the excess over $74,425 plus $14,462.50 |
Over $113,425 but not over $202,550 |
33% of the excess over $113,425 plus $25,382.50 |
Over $202,550 but not over $228,800 |
35% of the excess over $202,550 plus $54,793.75 |
Over $228,800 |
39.6% of the excess over $228,800 plus $63,981 |
If taxable income is: |
The tax is: |
Not over $18,150 |
10% of the taxable income |
Over $18,150 but not over $73,800 |
15% of the excess over $18,150 plus $1,815 |
Over $73,800 but not over $148,850 |
25% of the excess over $73,800 plus $10,162.50 |
Over $148,850 but not over $226,850 |
28% of the excess over $148,850 plus $28,925 |
Over $226,850 but not over $405,100 |
33% of the excess over $226,850 plus $50,765 |
Over $405,100 but not over $457,600 |
35% of the excess over $405,100 plus $109,587.50 |
Over $457,600 |
39.6% of the excess over $457,600 plus $127,962.50 |
If taxable income is: |
The tax is: |
Not over $12,950 |
10% of the taxable income |
Over $12,950 but not over $49,400 |
15% of the excess over $12,950 plus $1,295 |
Over $49,400 but not over $127,550 |
25% of the excess over $49,400 plus $6,762.50 |
Over $127,550 but not over $206,600 |
28% of the excess over $127.550 plus $26,300 |
Over $206,600 but not over $405,100 |
33% of the excess over $206,600 plus $48,434 |
Over $405,100 but not over $432,200 |
35% of the excess over $405,100 plus $113,939 |
Over $432,200 |
39.6% of the excess over $432,200 plus $123,424 |
Personal exemption:$3,950. Standard deduction add-ons: $1,550 if 65 or over plus $1,200
if blind. Also see deductions and exemption phaseouts for high income individuals.