2013 Federal Individual Income Tax Rates

Filing Status: Married Filing Jointly and Surviving Spouse

If Taxable Income Is: The Tax Is:
Not Over $17,850 10% of the taxable income
Over $17,850 but not over $72,500 $1,785 plus 15% of the excess over $17,850
Over $72,500 but not over $146,400 $9,983 plus 25% of the excess over $72,500
Over $146,400 but not over $223,050 $28,458 plus 28% of the excess over $146,400
Over $223,050 but not over $398,350 $49,920 plus 33% of the excess over $223,050
Over $398,350 but not over $450,000 $107,769 plus 35% of the excess over $398,350
Over $450,000 $125,847 plus 39.6% of the excess over $450,000

Filing Status: Head of Household

If Taxable Income Is: The Tax Is:
Not Over $12,750 10% of the taxable income
Over $12,750 but not over $48,600 $1,275 plus 15% of the excess over $12,750
Over $48,600 but not over $125,450 $6652.50 plus 25% of the excess over $48,600
Over $125,450 but not over $203,150 $25,865 plus 28% of the excess over $125,450
Over $203,150 but not over $398,350 $47,621 plus 33% of the excess over $203,150
Over $398,350 but not over $425,000 $112,037 plus 35% of the excess over $398,350
Over $425,000 $121,365 plus 39.6% of the excess over $425,000

Filing Status: Unmarried Individual (Other than Surviving Spouses and Heads of Households)

If Taxable Income Is: The Tax Is:
Not Over $8,925 10% of the taxable income
Over $8,925 but not over $36,250 $892.50 plus 15% of the excess over $8,925
Over $36,250 but not over $87,850 $4,991.25 plus 25% of the excess over $36,250
Over $87,850 but not over $183,250 $17,891.50 plus 28% of the excess over $87,851
Over $183,250 but not over $398,350 $44,603.50 plus 33% of the excess over $183,251
Over $398,350 but not over $400,000 $115,586.50 plus 35% of the excess over $398351
Over $400,000 $116,164 plus 39.6% of the excess over $400,000

Filing Status: Married Individual Filing Separate

If Taxable Income Is: The Tax Is:
Not Over $8,925 10% of the taxable income
Over $8,925 but not over $36,250 $892.50 plus 15% of the excess over $8,925
Over $36,250 but not over $73,200 $4,991.25 plus 25% of the excess over $36,250
Over $73,200 but not over $111,525 $14,228.75 plus 28% of the excess over $73,200
Over $111,525 but not over $199,175 $24,959.75 plus 33% of the excess over $111,525
Over $199,175 but not over $225,000 $53,884.25 plus 35% of the excess over $199,175
Over $225,000 $62,923 plus 39.6% of the excess over $225,000

 

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About Baljeet Singh CPA
With over 16 years of overall professional career, Mr. Singh is extensively experienced in US corporate, partnership and individual tax planning, compliance, multistate tax returns filings with international reporting. Mr. Singh also has experience in audit, review, compilation, financials statements preparation and analysis. Prior to current firm, Mr. Singh led accounts and finance department in an e-commerce company and also, gained enriched experience of working in a Public Accounting Firm in New Delhi, India for many years. Baljeet Singh is a graduate with major in Accounting from University of Delhi, India and Chartered Accountant from the Institute of Chartered Accountants of India. He is a Certified Public Accountant licensed in the State of California and New Jersey. Membeships  The Institute of Chartered Accountants of India, Fellow Member  New Jersey Society of CPA’s  Sikh American Chamber of Commerce, New Jersey  Asian Indian Chamber of Commerce, New Jersey Practice Areas  Tax Compliance  Tax Planning  Entity Incorporation & Structuring  Accounting  Audits and Assurance  Consulting Services He can be reached at: 33 Wood Avenue South, Suite 220 Iselin, NJ 08830 Tel: 408.571.8095 Email: baljeetsinghcpa@gmail.com

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