USA Income Tax Rates 2014 and Standard Deduction as per IRS Announcement
Taxable Income |
Tax Rate % |
$0-$9,075 |
10% |
$9,075-$36,900 |
$907.50+15% on amount excess over $8,925 |
$36,900-$89,350 |
$5,081.25+25% on amount excess over $36,900 |
$89,350-$186,350 |
$18,193.75+28% on amount excess over $89,350 |
$186,350-$405,100 |
$45,353.75+33% on amount excess over $186,350 |
$405,100-$406,750 |
$117,541.25+35% on amount excess over $405,100 |
$405,100 and above |
$118,118.75+39.60% on amount excess over $4,06,750 |
Taxable Income |
Tax Rate % |
$0-$12,950 |
10% |
$12,950-$49,400 |
$1295+15% on amount excess over $12,950 |
$49,400-$127,550 |
$6,762.50+25% on amount excess over $49,400 |
$127,550-$206,600 |
$26,300+28% on amount excess over $127,550 |
$206,600-$405,100 |
$48,434+33% on amount excess over $206,600 |
$405,100-$432,200 |
$113,939+35% on amount excess over $405,100 |
$432,200 and above |
$123,424+39.60% on amount excess over $4,32,200 |
Taxable Income |
Tax Rate % |
$0-$9,075 |
10% |
$9,075-$36,900 |
$907.50+15% on amount excess over $9,075 |
$36,900-$74,425 |
$5,081.25+25% on amount excess over $36,900 |
$74,425-$113,425 |
$14,462.50+28% on amount excess over $74,425 |
$113,425-$202,550 |
$25,382.50+33% on amount excess over $113,425 |
$202,550-$228,800 |
$54,793.75+35% on amount excess over $202,550 |
$2,28,800 and above |
$63,981.25+39.60% on amount excess over $2,28,800 |
Taxable Income |
Tax Rate % |
$0-$18,150 |
10% |
$18,150-$73,800 |
$1,815+15% on amount excess over $18,150 |
$73,800-$1,48,850 |
$10,162.5+25% on amount excess over $73,800 |
$1,48,850-$226,850 |
$28,925+28% on amount excess over $148,850 |
$2263,850-$405,100 |
$50,765+33% on amount excess over $226,850 |
$405,100-$457,600 |
$108,587.50+35% on amount excess over $405,100 |
$457,600 and above |
$127,926.50+39.6% on amount excess over $4,57,600 |
Head of Household -$9,100
Individual Tax Payers -$6,200
Married Tax Payers filing separate -$6,200
Additional Tax Deduction for the Blind or Aged -$1,200
Tax payer is single and not surviving a wife -$1,550
Household Head -$254,200
Household Head -$52,800
Maximum EITC amount available is $3,304 for taxpayers filing jointly with one child; $5,460 for two children; $6,143 for three or more children and $496 for no children.
Income Tax PAN FAQ, Answers & Guidance
What is the turn over limit for tax audit? Who needs to get audited the accounts under section 44AB?