 |  | Home  |  | | About Us | | | Order Products | | | Press Center | | | Customer Service | | | Career Opportunities | |
|
CCH can assist you with stories, including interviews with CCH subject experts.
Also, the 2005 CCH Whole Ball of Tax is available in print. Please contact:
Link to special CCH Tax Briefings on key topics from 2004: | |
2004 - 2005 Tax BracketsMarried Filing Jointly
|
|
2005 Taxable Income |
Tax Rate |
2004 Taxable Income |
Tax Rate |
|
$0-$14,600 |
10% |
$0-$14,300 |
10% |
|
$14,600-$59,400 |
15% |
$14,300-$58,100 |
15% |
|
$59,400-$119,950 |
25% |
$58,100-$117,250 |
25% |
|
$119,950-$182,800 |
28% |
$117,250-$178,650 |
28% |
|
$182,800-$326,450 |
33% |
$178,650-$319,100 |
33% |
|
over $326,450 |
35% |
over $319,100 |
35% |
Married Filing Separately
|
2005 Taxable Income |
Tax Rate |
2004 Taxable Income |
Tax Rate |
|
$0-$7,300 |
10% |
$0-$7,150 |
10% |
|
$7,300-$29,700 |
15% |
$7,150-$29,050 |
15% |
|
$29,700-$59,975 |
25% |
$29,050-$58,625 |
25% |
|
$59,975-$91,400 |
28% |
$58,625-$89,325 |
28% |
|
$91,400-$163,225 |
33% |
$89,325-$159,550 |
33% |
|
over $163,225 |
35% |
over $159,550 |
35% |
Single Filers
|
2005 Taxable Income |
Tax Rate |
2004 Taxable Income |
Tax Rate |
|
$0-$7,300 |
10% |
$0-$7,150 |
10% |
|
$7,300-$29,700 |
15% |
$7,150-$29,050 |
15% |
|
$29,700-$71,950 |
25% |
$29,050-$70,350 |
25% |
|
$71,950-$150,150 |
28% |
$70,350-$146,750 |
28% |
|
$150,150-$326,450 |
33% |
$146,750-$319,100 |
33% |
|
over $326,450 |
35% |
over $319,100 |
35% |
Head of Household
|
2005 Taxable Income |
Tax Rate |
2004 Taxable Income |
Tax Rate |
|
$0-$10,450 |
10% |
$0-$10,200 |
10% |
|
$10,450-$39,800 |
15% |
$10,200-$38,900 |
15% |
|
$39,800-$102,800 |
25% |
$38,900-$100,500 |
25% |
|
$102,800-$166,450 |
28% |
$100,500-$162,700 |
28% |
|
$166,450-$326,450 |
33% |
$162,700-$319,100 |
33% |
|
over $326,450 |
35% |
over $319,100 |
35% |
Standard Deduction Amounts
|
Filing Status |
2005 |
2004 |
Increase |
|
Married Filing Jointly (& Surviving Spouse) |
$10,000 |
$9,700 |
$300 |
|
Married Filing Separately |
$5,000 |
$4,850 |
$150 |
|
Single |
$5,000 |
$4,850 |
$150 |
|
Head of Household |
$7,300 |
$7,150 |
$150 |
Standard Deduction for Dependents ("Kiddie" Standard Deduction)
|
2005 |
2004 |
Increase |
|
$800 |
$800 |
$0 |
Income Level at Which 3-Percent Itemized Deduction Limitation
Takes Effect
(Adjusted Gross Income)
|
Filing Status |
2005 |
2004 |
Increase |
|
Married Filing Jointly (& Surviving Spouse) |
$145,950 |
$142,700 |
$3,250 |
|
Married Filing Separately |
$72,975 |
$ 71,350 |
$1,625 |
|
Single |
$145,950 |
$142,700 |
$3,250 |
|
Head of Household |
$145,950 |
$142,700 |
$3,250 |
Personal Exemption Amounts
|
2005 |
2004 |
Increase |
|
$3,200 |
$3,100 |
$100 |
Threshold for Personal Exemption Phaseout
|
Filing Status |
2005 |
2004 |
Increase |
|
Married Filing Jointly (& Surviving Spouse) |
$218,950 |
$214,050 |
$4,900 |
|
Married Filing Separately |
$109,475 |
$107,025 |
$2,450 |
|
Single |
$145,950 |
$142,700 |
$3,250 |
|
Head of Household |
$182,450 |
$178,350 |
$4,100 |
Gift Tax Exemption
|
2005 |
2004 |
Increase |
|
$11,000 |
$11,000 |
$0 |
SOURCE: CCH INCORPORATED, 2005
-- ### --
nb-05-09
© 2024, CCH INCORPORATED. All rights reserved. |
Back to Top | Print this Page |
|
|||||||||||||||||