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CCH can assist you with stories, including interviews with CCH subject experts. Also, the 2012
CCH Whole Ball of Tax
is available in print. Please contact:
 
Leslie Bonacum
(847) 267-7153
mediahelp@cch.com
 
Eric Scott
(847) 267-2179
eric.scott@wolterskluwer.com

Visit the CCH Whole Ball of Tax site often as new releases and other updates will be posted throughout the tax season.

CCH provides special CCH Tax Briefings on key topics at CCHGroup.com/Legislation.

 
2012 CCH Whole Ball of Tax
Release (21) | Back to WBOT

2012 CCH Whole Ball of Tax

Contact:
Leslie Bonacum
, 847-267-7153, mediahelp@cch.com
Eric Scott, 847-267-2179, eric.scott@wolterskluwer.com

2011-2012 Tax Brackets  

Married Filing Jointly (& Surviving Spouse)

2012 Taxable Income

Tax Rate

2011 Taxable Income

Tax Rate

$0 - $17,400

10%

$0 - $17,000

10%

$17,400 - $70,700

15%

$17,000 - $69,000

15%

$70,700 - $142,700

25%

$69,000 - $139,350

25%

$142,700 - $217,450

28%

$139,350 - $212,300

28%

$217,450 - $388,350

33%

$212,300 - $379,150

33%

$388,350 +

35%

$379,150 +

35%

Married Filing Separately

2012 Taxable Income

Tax Rate

2011 Taxable Income

Tax Rate

$0 - $8,700

10%

$0 - $8,500

10%

$8,700 - $35,350

15%

$8,500 - $34,500

15%

$35,350 - $71,350

25%

$34,500 - $69,675

25%

$71,350 - $108,725

28%

$69,675 - $106,150

28%

$108,725 - $194,175

33%

$106,150 - $189,575

33%

$194,175 +

35%

$189,575 +

35%

 Single Filers

2012 Taxable Income

Tax Rate

2011 Taxable Income

Tax Rate

$0 - $8,700

10%

$0 - $8,500

10%

$8,700 - $35,350

15%

$8,500 - $34,500

15%

$35,350 - $85,650

25%

$34,500 - $83,600

25%

$85,650 - $178,650

28%

$83,600 - $174,400

28%

$178,650 - $388,350

33%

$174,400 - $379,150

33%

$388,350 +

35%

$379,150+

35%

 Head of Household

2012 Taxable Income

Tax Rate

2011 Taxable Income

Tax Rate

$0 - $12,400

10%

$0 - $12,150

10%

$12,400 - $47,350

15%

$12,150 - $46,250

15%

$47,350 - $122,300

25%

$46,250 - $119,400

25%

$122,300 - $198,050

28%

$119,400 - $193,350

28%

$198,050 - $388,350

33%

$193,350 - $379,150

33%

$388,350 +

35%

$379,150+

35%

 Standard Deduction Amounts

Filing Status

2012

2011

Increase

Married Filing Jointly
(& Surviving Spouse)

$11,900

$11,600

$300

Married Filing Separately

$5,950

$5,800

$150

Single

$5,950

$5,800

$150

Head of Household

$8,700

$8,500

$200

 Standard Deduction for Dependents (“Kiddie” Standard Deduction)

2012

2011

Increase

$950

$950

$0

 Income Level at Which 3-Percent Itemized Deduction Limitation Takes Effect (Adjusted Gross Income)

Filing Status

2012

2011

Married Filing Jointly
(& Surviving Spouse)

Not Applicable – No Limitation

Not Applicable – No Limitation

Married Filing Separately

Not Applicable – No Limitation

Not Applicable – No Limitation

Single

Not Applicable – No Limitation

Not Applicable – No Limitation

Head of Household

Not Applicable – No Limitation

Not Applicable – No Limitation

 Personal Exemption Amounts

2012

2011

Increase

$3,800

$3,700

$100

 Threshold for Personal Exemption Phaseout

Filing Status

2012

2011

Married Filing Jointly
(& Surviving Spouse)

Not Applicable – No Phaseout

Not Applicable – No Phaseout

Married Filing Separately

Not Applicable – No Phaseout

Not Applicable – No Phaseout

Single

Not Applicable – No Phaseout

Not Applicable – No Phaseout

Head of Household

Not Applicable – No Phaseout

Not Applicable – No Phaseout

Gift Tax Exemption

2012

2011

Increase

$13,000

$13,000

$0

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