Your federal tax rate is based on your income level and whether you are filing singly or jointly. The percentage can change annually. Below are the federal tax rates for year 2014
| Tax Rates of IRS for the year 2014 | ||||
| Tax Rate 2014 | Single Taxpayer 2014 | Married Filing Jointly or Surviving Spouses 2014 | Married Filing Separately 2014 | Head of Household 2014 |
| 10% | $0 – $9,075 | $0 – $18,150 | $0 – $9,075 | $0 – $12,950 |
| 15% | $9,076 – $36,900 | $18,151 – $73,800 | $9,076 – $36,900 | $12,151 – $50,200 |
| 25% | $36,901 – $89,350 | $73,801 – $148,850 | $36,901 – $74,425 | $50,201 – $129,600 |
| 28% | $89,351 – $186,350 | $148,851 – $226,850 | $74,426 – $113,425 | $129,601 – $209,850 |
| 33% | $186,351 – $405,100 | $226,851 – $405,100 | $113,426 – $202,550 | $209,851 – $411,500 |
| 35% | $405,101 – $406,750 | $405,101 – $457,600 | $202,551 – $228,800 | $411,501 – $439,000 |
| 39.6% | $406,751 and above | $457,601 and above | $228,801 and above | $439,001 and above |
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