Select an option on the left for more tax resources.
|
|
|
10% |
0 – 7,300 |
|
15% |
7,301 – 29,700 |
|
25% |
29,701 – 71,950 |
|
28% |
71,951 – 150,150 |
|
33% |
150,151 – 326,450 |
|
35% |
Over 326,450 |
2005 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $10,000 |
|
10% |
0 – 14,600 |
|
15% |
14,601 – 59,400 |
|
25% |
59,401 – 119,950 |
|
28% |
119,951 – 182,800 |
|
33% |
182,801 – 326,450 |
|
35% |
Over 326,450 |
2005 Tax Rates - Married Filing Separately - Standard Deduction $5,000 |
|
10% |
0 – 7,300 |
|
15% |
7,301 – 29,700 |
|
25% |
29,701 – 59,975 |
|
28% |
59,976 – 91,400 |
|
33% |
91,401 – 163,225 |
|
35% |
Over 163,225 |
|
2005 Tax Rates - Head of Household - Standard Deduction $7,200 |
|
|
10% |
1 – 10,450 |
|
15% |
10,451 – 39,800 |
|
25% |
39,801 – 102,800 |
|
28% |
102,801 – 166,450 |
|
33% |
166,451 – 326,450 |
|
35% |
Over 326,450 |
|
2005 Tax Rates - Estates & Trusts |
|
|
15% |
1 – 2,000 |
|
25% |
2,001 – 4,700 |
|
28% |
4,701 – 7,150 |
|
33% |
7,151 – 9,750 |
|
35% |
Over 9,750 |
|
Miscellaneous |
2005 Tax Rates |
| Personal Exemption | $3,200 |
|
Business equipment expensing deduction |
$105,000 |
|
Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2004 tax liability |
|
Standard mileage rate for business driving |
40.5 cents |
|
Unearned income maximum for children before kiddie tax applies |
$800 |
|
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
5% |
|
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 employee contribution to SIMPLE retirement plans |
$10,000 if under age 50 |
|
401(k) maximum employee contribution limit |
$14,000 if under age 50 |
|
Self-employed health insurance deduction |
100% |
| Estate tax exemption | $1,500,000 |
|
Annual Exclusion for Gifts |
$11,000 |
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