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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 Security 2013 Tax Rates
Social Security Tax Rate: Employers 6.2%
Social Security Tax Rate: Employees 6.2%
Social Security Tax Rate: Self-Employed 12.4%
Maximum Taxable Earnings $113,700
Medicare Base Salary Unlimited
Medicare Tax Rate 1.45%
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%
Miscellaneous 2013   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-income 110% of your 2013 tax liability
Standard mileage rate for business driving 56.5 cents
Standard mileage rate for medical/moving driving 24 cents
Standard mileage rate for charitable driving 14 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% bracket 0%
Maximum capital gains tax rate for taxpayers above the 15% bracket but   below the 39.6% bracket 15%
Maximum capital gains tax rate for taxpayers in the 39.6% bracket 20%
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles 28%
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 IRA 25% 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
Education 2013   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
Alaska 2013   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
Hawaii 2013   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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