Have a Tax Question? Ask a Tax Expert
Welcome and thank you for giving me the opportunity to assist you with your tax question. Please advise what your filing status will be for 2013, and I will advise what the tax rates are. Thank you.
I see you are now offline. The tax rates for single and married are as follows:
Single - if your TAXABLE income is over $87,850 but not over $183,250 the tax will be $17,891.25 plus 28% of the excess over $87,850.
Married filing a joint return - if you TAXABLE income is over $72,500 but not over $146,400, the tax will be $9,982.50 plus 25% of the excess over $72,500.
Your TAXABLE income is the amount you pay tax on after taking the appropriate deductions and exemptions.
Please let me know if you require additional information or clarification. Thank you.