What are the Tax Brackets for 2011, 2012?

We will start off with the basics and then get into actual numbers of the IRS Federal tax brackets. First of all we start with a filing status category. We have a few to choose from. The filing statuses are; Married filing jointly or Qualifying widow(er) filing status, Married filing separately, Single filing status, and Head of household filing status.

Single Filing Status

Okay if you are in single the tax bracket, the tax rate can go from 10% to 35% depending on your income. We start out at 10% with an income between $0 and $8,500.

The rate is 15% for and income between $8,501 and $34,500 plus $835. As the income increases so does the tax rate and so does the added amount. The top bracket which is 35% is for an income over $379,150 plus $108.216.

Married Filing Jointly or Qualified Widow (er)

Now for this filing status we also have the tax rate that goes from 10% to 35%. The rate of 10% applies to an income from $0 to $17,000. The rate of 35% applies to an income over $379,150 plus $100,894.50.

Married Filing Separately

For this filing status we also have the tax rate going from 10% to 35%. I might as well tell you now all of the filing statuses have the tax rate going from 10% to 35%. For married filing separately we start at 10% for an income between $0 and $8,500. The 35% tax rate is for an income over $189,575 plus $50,447.25.

Head of Household

The head of household filing status is for people who own their own business. We start out at 10% for an income between $0 and $12,150. The 35% tax rate is for an income over $379,150 plus $104,892.50.

Finding Your Tax Bracket

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