2013 Tax Rates Schedule X – Single
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $87,850 | $4,991.25 plus 25% of the excess over $36,250 |
| $87,850 | $183,250 | $17,891.25 plus 28% of the excess over $87,850 |
| $183,250 | $398,350 | $44,603.25 plus 33% of the excess over $183,250 |
| $398,350 | $400,000 | $115,586.25 plus 35% of the excess over $398,350 |
| Over $400,000 | no limit | $116,163.75 plus 39.6% of the excess over $400,000 |
2013 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $17,850 | 10% of the taxable amount |
| $17,850 | $72,500 | $1,785 plus 15% of the excess over $17,850 |
| $72,500 | $146,400 | $9,982.50 plus 25% of the excess over $72,500 |
| $146,400 | $223,050 | $28,457.50 plus 28% of the excess over $146,400 |
| $223,050 | $398,350 | $49,919.50 plus 33% of the excess over $223,050 |
| $398,350 | $450,000 | $107,768.50 plus 35% of the excess over $398,350 |
| $450,000 | no limit | $125,846 plus 39.6% of the excess over $450,000 |
2013 Tax Rates Schedule Y-2 – Married Filing Separately
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $8,925 | 10% of the taxable amount |
| $8,925 | $36,250 | $892.50 plus 15% of the excess over $8,925 |
| $36,250 | $73,200 | $4,991.25 plus 25% of the excess over $36,250 |
| $73,200 | $111,525 | $14,228.75 plus 28% of the excess over $73,200 |
| $111,525 | $199,175 | $24,959.75 plus 33% of the excess over $111,525 |
| $199,175 | $225,000 | $53,884.25 plus 35% of the excess over $199,175 |
| Over $225,000 | no limit | $62,923 plus 39.6% of the excess over $225,000 |
2013 Tax Rates Schedule Z – Head of Household
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $12,750 | 10% of the taxable amount |
| $12,750 | $48,600 | $1,275 plus 15% of the excess over $12,750 |
| $48,600 | $125,450 | $6,652.50 plus 25% of the excess over $48,600 |
| $125,450 | $203,150 | $25,865 plus 28% of the excess over $125,450 |
| $203,150 | $398,350 | $47,621 plus 33% of the excess over $203,150 |
| $398,350 | $425,000 | $112,037 plus 35% of the excess over $398,350 |
| $425,000 | no limit | $121,364.50 plus 39.6% of the excess over $425,000 |
2013 Tax Rates Estates & Trusts
| If taxable income is over | But not over | The tax is |
|---|---|---|
| $0 | $2,450 | 15% of the taxable amount |
| $2,450 | $5,700 | $367.50 plus 25% of the excess over $2,450 |
| $5,700 | $8,750 | $1,180 plus 28% of the excess over $5,700 |
| $8,750 | $11,950 | $2,034 plus 33% of the excess over $8,750 |
| $11,950 | no limit | $3,090 plus 39.6% of the excess over $11,950 |
Social Security 2013 Tax Rates
| Base Salary | $113,700 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $7,049.40 |
| Medicare Base Salary | unlimited |
| Medicare Tax Rate | 1.45% |
Additional Medicare 2013 Tax Rates
| Additional Medicare Tax | 0.9% |
| Filing status | Compensation over |
| Married filing jointly | $250,000 |
| Married filing separate | $125,000 |
| Single | $200,000 |
| Head of household (with qualifying person) | $200,000 |
| Qualifying widow(er) with dependent child | $200,000 |
Education 2013 Credit and Deduction Limits
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
Miscellaneous 2013 Tax Rates
| Personal Exemption (Adjusted Gross Income below $154,950) | $3,900 |
| Business Equipment Expense Deduction | $500,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2012 tax liability |
| Standard mileage rate for business driving | 56.5 cents |
| Standard mileage rate for medical/moving driving | 24 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 per qualifying child |
| Unearned income maximum for children before kiddie tax applies | $1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket | 15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles and qualified small business stock | 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,000 if under age 50 $14,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $51,000 |
| 401(k) maximum employee contribution limit | $17,500 if under age 50 $23,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $5,250,000 |
| Annual Exclusion for Gifts | $14,000 |
