Official 2012 Federal Income Tax Brackets

The final figures for the 2012 Income Tax Brackets have been confirmed by the IRS (pdf file). The current tax rate structure we use has been in place since 2003 and consists of 6 rates: 10%, 15%, 25%, 28%, 33% and 35%. These 6 tax rates will remain in effect through 2012, but we expect to see a change for 2013. The tables below provide you with an easy way to calculate your marginal tax liability based on your taxable income and your filing status.

And if you’re still focused on taxes for last year (aren’t we all?), you can check out the official 2011 federal tax brackets, too.

Single Filers Tax Bracket

Taxable IncomeTax
Not over $8,70010% of the taxable income
Over $8,700 but not over $35,350$870 plus 15% of
the excess over $8,700
Over $35,350 but not over $85,650$4,867.50 plus 25% of the excess over $35,350
Over $85,650 but not over $178,650$17,442.50 plus 28% of the excess over $85,650
Over $178,650 but not over $388,350$43,482.50 plus 33% of the excess over $178,650
Over $388,350$112,683.50 plus 35% of the excess over $388,350

Married Filing Joint Returns & Surviving Spouses

Taxable IncomeTax
Not over $17,40010% of the taxable income
Over $17,400 but not over $70,700$1,740 plus 15% of
the excess over $17,400
Over $70,700 but not over $142,700$9,735 plus 25% of
the excess over $70,700
Over $142,700 but not over $217,450$27,735 plus 28% of
the excess over $142,700
Over $217,450 but not over $388,350$48,665 plus 33% of
the excess over $217,450
Over $388,350$105,062 plus 35% of over $388,350

Head of Household Tax Bracket

Taxable Income Tax
Not over $12,40010% of the taxable income
Over $12,400 but not over $47,350$1,240 plus 15% of
the excess over $12,400
Over $47,350 but not over $122,300$6,482.50 plus 25% of the excess over $47,350
Over $122,300 but not over $198,050$25,220 plus 28% of
the excess over $122,300
Over $198,050 but not over $388,350$46,430 plus 33% of
the excess over $198,050
Over $388,350$109,229 plus 35% of
the excess over $388,350

Married Filing Separately

Taxable IncomeTax
Not over $8,70010% of the taxable income
Over $8,700 but not over $35,350$870 plus 15% of
the excess over $8,700
Over $35,350 but not over $71,350$4,867.50 plus 25% of the excess over $35,350
Over $71,350 but not over $108,725$13,867.50 plus 28% of the excess over $71,350
Over $108,725 but not over $194,175$24,332.50 plus 33% of the excess over $108,725
Over $194,175$52,531 plus 35% of
the excess over $194,175

Estates and Trusts

Taxable IncomeTax
Not over $2,40015% of the taxable income
Over $2,400 but not over $5,600$360 plus 25% of
the excess over $2,400
Over $5,600 but not over $8,500$1,160 plus 28% of
the excess over $5,600
Over $8,500 but not over $11,650$1,972 plus 33% of
the excess over $8,500
Over $11,650$3,011.50 plus 35% of the excess over $11,650

The other related information the IRS has confirmed are the standard deductions. With this information you will know what type of deduction you can expect if you take the standard deduction. Here is what we have for 2012:

  • The standard deduction for single filers will rise to $5,950.
  • The standard deduction when married and filing jointly will rise to $11,900.

When it comes to exemptions, for 2012 the personal and dependency exemption will increase to $3,800.

Published or Updated: September 7, 2013
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Ryan Paredez says:

    Stoked I just found this.

  2. Cheri says:

    Awesome – thanks for the info! Love this blog.

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