IRS Tax Brackets for 2014

Your federal income tax bracket tells you at what rate your income (your taxable income) will be taxed. Tax rates often vary by tax year and may be different for each filing status. The rate of taxation is applied only to your taxable income.

2014 Tax Brackets

Tax Rate Single Married/Joint
& Widow(er)
Married/Separate Head of Household
10% $1 – $9,075 $1 – $18,150 $1 – $9,075 $1 – $12,950
15% $9,076-$36,900 $18,151 to $73,800 $9,076 to $36,900 $12,951 to $49,400
25% $36,901 to $89,350 $73,801 to $148,850 $36,901 to $74,425 $49,401 to $127,550
28% $89,351 to $186,350 $148,851 to $226,850 $74,426 to $113,425 $127,551 to $206,600
33% $186,351 to $405,100 $226,851 to $405,100 $113,426 to $202,550 $206,601 to $405,100
35% $405,101 to $406,750 $405,101 to $457,600 $202,551 to $228,800 $405,101 to $432,200
39.6% over $406,750 over $457,600 over $228,800 over $432,200

2015 Tax Year Brackets (Jan. 1 – Dec. 31, 2015) Tax Return due on April 15, 2016

Important: You can use the following brackets on your 2015 Tax Return. Do not use them on your 2014 Tax Return.

Tax Rate Single Married/Joint
& Widow(er)
Married/Separate Head of Household
10% $1 – $9,225 $1 – $18,450 $1 – $9,225 $1 – $13,150
15% $9,225 to $37,450 $18,450 to $74,900 $9,225 to $37,450 $13,150 to $50,200
25% $37,450 to $90,750 $74,900 to $151,200 $37,450 to $75,600 $50,200 to $129,600
28% $90,750 to $189,300 $151,200 to $230,450 $75,600 to $115,225 $129,600 to $209,850
33% $189,300 to $411,500 $230,450 to $411,500 $115,225 to $205,750 $209,850 to $411,500
35% $411,500 to $413,200 $411,500 to $464,850 $205,750 to $232,425 $411,500 to $439,200
39.6% over $413,200 over $464,850 over $232,425 over $439,200

Turning to TurboTax for Help at Tax Time

When you turn to Turbo Tax for help it will be like an interview. They will ask easy to answer questions while filling in the correct tax forms for you behind the scenes.

The answers you provide will enable them to see which deductions and credits you qualify for. In the event that you are unsure how to answer a question there are tax experts readily available to help you. http://www.easyincometaxfilingonline.com/turbotax-tax-filing/

Turbo Tax provides you with step by step instructions to insure that you get every deduction and credit that you are eligible for. Turbo Tax insures that you get the largest refund possible. They even have a free tax refund calculator available that allows you to know the amount of money that you will be getting back. https://www.linkedin.com/pulse/article/20141031150722-15298154-free-2014-2015-tax-refund-calculators

 

 

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