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Tax Rates 2013

2013 Tax Rates – Single Taxpayers – Standard Deduction     $6,100
10%0 to $8,925
15%$8,925 to $36,250
25%$36,250 to $87,850
28%$87,850 to $183,250
33%$183,250 to $398,350
35%$398,350 to $400,000
39.6%Over $400,000
2013   Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction   $12,200
10%0 to $17,850
15%$17,850 to $72,500
25%$72,500 to $146,400
28%$146,400 to $223,050
33%$223,050 to $398,350
35%$398,350 to $450,000
39.6%Over $450,000
2013   Tax Rates – Married Filing Separately – Standard Deduction $6,100
10%0 to $8,925
15%$8,925 to $36,250
25%$36,250 to $73,200
28%$73,200 to $111,525
33%$111,525 to $199,175
35%$199,175 to $225,000
39.6%Over $225,000
2013   Tax Rates – Head of Household – Standard Deduction $8,950
10%0 to $12,750
15%$12,750 to $48,600
25%$48,600 to $125,450
28%$125,450 to $203,150
33%$203,150 to $398,350
35%$398,350 to $425,000
39.6%Over $425,000
2013   Tax Rates – Estates & Trusts
15%0 to $2,450
25%$2,450 to $5,700
28%$5,700 to $8,750
33%$8,750 to $11,950
39.6%Over $11,950
Social Security2013 Tax Rates
Social Security Tax Rate: Employers6.2%
Social Security Tax Rate: Employees6.2%
Social Security Tax Rate: Self-Employed12.4%
Maximum Taxable Earnings$113,700
Medicare Base SalaryUnlimited
Medicare Tax Rate1.45%
Additional Medicare Tax for income above $200,000 (single filers) or   $250,00 (joint filers)0.9%
Medicare tax on investment income ($200,00 single filers, $250,00 joint   filers)3.8%
Miscellaneous2013   Tax Rates
Personal Exemption$3,900
Business expensing limit: Cap on equipment purchases$2,000,000
Business expensing limit: New and Used Equipment and Software$500,000
Prior-year safe harbor for estimated taxes of higher-income110% of your 2013 tax liability
Standard mileage rate for business driving56.5 cents
Standard mileage rate for medical/moving driving24 cents
Standard mileage rate for charitable driving14 cents
Child Tax Credit$1,000
Unearned income maximum for children under 19 before kiddie tax applies$1,000
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket0%
Maximum capital gains tax rate for taxpayers above the 15% bracket but   below the 39.6% bracket15%
Maximum capital gains tax rate for taxpayers in the 39.6% bracket20%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles28%
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 IRA25% of eligible compensation
up to $51,000
401(k) maximum employee contribution limit$17,500 if under age 50
$23,000 if 50 or older
Estate tax exemption$5,250,000
Annual Exclusion for Gifts$14,000
Education2013   Tax Rates
American Opportunity Credit (Hope)$2,500
Lifetime Learning Credit$2,000
Student Loan Interest Deduction$2,500
Coverdell Education Savings Contribution$2,000
Standard Meal Rates for Family Child Care Providers for 2013 income tax   returns
Continental U.S.2013   Tax Rates
For each breakfast$1.27
For each lunch or supper$2.38
For each snack (up to 3 per day for each child)$0.71
Alaska2013   Tax Rates
For each breakfast$2.03
For each lunch or supper$3.86
For each snack (up to 3 per day for each child)$1.15
Hawaii2013   Tax Rates
For each breakfast$1.48
For each lunch or supper$2.79
For each snack (up to 3 per day for each child)$0.83

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