2014 Federal Marginal Tax Rates For Individuals


Marginal Tax Rates are very important for tax planning.  By knowing how much you’ll be taxed on your ‘next dollar’, you can figure out if you need to have additional withholding, make an estimated tax payment or if you have enough currently being withheld to cover your earnings.

For Individuals, there are 4 possible categories:

  1. Single Individuals (non-married individuals without dependents)
  2. Head of Household (non-married individuals with dependents)
  3. Married Filing Jointly (married couple filing together, with or without dependents) – this is also used for a Surviving Spouse
  4. Married Filing Separately (married couple, filing apart, with or without dependents)

Each category has several tax rates, depending upon income.  Check below for your category, look for your income range, and you’ll find the percentage of money that could go to Federal Tax.

2014 Tax Rate Schedule – Single Individuals

Taxable Income                                Tax Rate

$0 – $9,074                                           10%

$9,075 – $36,899                                15%

$36,899 – $89,349                              25%

$89,350 – $186,349                           28%

$186,350 – $405,099                         33%

$405,100 – $406,749                         35%

$406,750 – unlimited                      39.6%

 

2014 Tax Rate Schedule – Head of Households

       Taxable Income                         Tax Rate

$0 – $12,949                                        10%

$12,950 – $49,399                              15%

$49,400 – $127,549                           25%

$127,550 – $206,599                         28%

$206,600 – $405,099                         33%

$405,100 – $432,199                         35%

$432,200 – unlimited                      39.6%

 

2014 Tax Rate Schedule – MFJ or Surviving Spouse

Taxable Income                            Tax Rate

$0 – $18,149                                        10%

$18,149 – $73.799                              15%

$73,800 – $148,849                           25%

$148,850 – $226,849                         28%

$226,850 – $405,099                         33%

$405,100 – $457,599                         35%

$457,600 – unlimited                      39.6%

 

2014 Tax Rate Schedule – Married Individuals filing Separately

Taxable Income                                Tax Rate

$0 – $9,074                                           10%

$9,075 – $36,899                                15%

$36,899 – $74,424                              25%

$74,425 – $113,424                           28%

$113,425 – $202,549                         33%

$202,550 – $228,799                         35%

$228,800 – unlimited                      39.6%

 

 

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