Federal 2013 Tax Tables




Federal 2013 Tax Tables

. Are you worried about how the Federal 2013 Tax Tables would look like? You’re not alone As the current tax law is scheduled to end the Bush tax cuts of 2001 and 2003 beginning next fiscal year

millions are on the alert how the tax rates would change. Originally scheduled to expire for tax years beginning in 2011, The Bush tax cuts have been extended through 2012 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. If officials will not take action, the tax rates will therefore return to their original levels before the tax cuts. Back in February this year, President Obama presented to Congress the budget proposal for fiscal year 2013. Maximize your deduction Federal 2013 Tax Tables
SoftwareBased on that proposal, we would like to see some projections for next year’s tax rates. President Obama’s proposal seeks to continue the same tax rates for those who have taxable income levels below $200,000 and $250,000 for single filers and joint filers respectively. Best tax software Federal 2013 Tax Tables

However, the proposal will allow the top two income tax rates to return to their levels prior to the implementation of the Bush tax cuts. The levels are, obviously significantly higher than the current rates with the tax cuts still in effect.

The following table presents the 2013 tax rates and tax brackets for single individuals, heads of households and married couples filing jointly, granting Obama’s proposal will be approved Marginal
Rate Tax Brackets Maximize your deductions. Try eSmart Tax for FREE!

Single Individuals Married Couples Filing Jointly Heads of Households
10% 0 – $8,750 0 – $17,500 0 – $12,500
15% $8,751 – $35,500 $17,501 – $71,000 $12,501 – $47,600
25% $35,501 – $86,000 $71,001 – $143,350 $47,601 – $122,850
28% $86,001 – $179,400 $143,351 – $218,450 $122,851 – $198,900
33% $179,401 – $199,350 $218,451 – $241,900 $198,901 – $222,750
36% $199,351 – $390,050 $241,901 – $390,050 $222,751 – $390,050
39.6% Over $390,050 Over $390,050 Over $390,050

Biggest federal 2013 tax tables refund–guaranteed!

Here are the current (2012) tax rates (with the Bush tax cuts in place) for comparison:



Marginal
Rate Tax Brackets Single Individuals Married Couples Filing Jointly Heads of Households
10% 0 – $8,700 0 – $17,400 0 – $8,700
15% $8,701 – $35,350 $17,401 – $70,700 $8,701 – $35,350
25% $35,351 – $85,650 $70,701 – $142,700 $35,351 – $71,350
28% $85,651 – $178,650 $142,701 – $217,450 $71,351 – $108,725
33% $178,651 – $388,350 $217,451 – $388,350 $108,726 – $194,175
35% Over $388,350 Over $388,350 Over $194,175

Also notable in President Obama’s proposal are the following:
• The return of the capital gains rates to their levels before 2001 for higher-income taxpayers
• The return of transfer tax rates and exemption levels to their 2009 levels
• Limiting to 28 percent the value of certain deductions and exclusions like employer-provided health benefits and individual retirement arrangements

federal tax tables 2014.
federal 2014 tax tables.
federal tax tables 2013.

To date, there is still much uncertainty on how the tax tables would be like in 2013. Federal Tax Tables 2013, state links, state tax, withholding calculations and the like. While it is unlikely that Congress will take action before the November elections, what actions they will undertake post-elections are also uncertain. Nonetheless, based on President Obama’s budget proposal for fiscal year 2013, granting the Congress will approve it, we have at least an idea how the 2013 taxes would look like.


Federal 2013 Tax Tables Final Word Indeed, it is uncertain how the tax situation would be beyond tax year 2012. Nevertheless, the tax rates are expected to be much higher than the present. With the elections and the new year approaching fast, individuals are advised to start planning or even seek expert’s advice to be well prepared for the forthcoming changes in the Federal 2013 Tax Tables Software

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