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CCH can assist you with stories, including interviews with CCH subject experts.
Also, the 2013
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
Brenda Au
(847) 267-2046
brenda.au@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.
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2013 CCH Whole Ball of Tax
2012-2013 Tax Brackets
Married Filing Jointly (& Surviving Spouse)
| 2013 Taxable Income |
Tax Rate |
2012 Taxable Income |
Tax Rate |
$0 - $17,850 |
10% |
$0 - $17,400 |
10% |
$17,850 - $72,500 |
15% |
$17,400 - $70,700 |
15% |
$72,500 - $146,400 |
25% |
$70,700 - $142,700 |
25% |
$146,400 - $223,050 |
28% |
$142,700 - $217,450 |
28% |
$223,050 - $398,350 |
33% |
$217,450 - $388,350 |
33% |
$398,350 - $450,000 |
35% |
$388,350 + |
35% |
$450,000 + |
39.6% |
|
|
Married Filing Separately
| 2013 Taxable Income |
Tax Rate |
2012 Taxable Income |
Tax Rate |
$0 - $8,925 |
10% |
$0 - $8,700 |
10% |
$8,925 - $36,250 |
15% |
$8,700 - $35,350 |
15% |
$36,250 - $73,200 |
25% |
$35,350 - $71,350 |
25% |
$73,200 - $111,525 |
28% |
$71,350 - $108,725 |
28% |
$111,525 - $199,175 |
33% |
$108,725 - $194,175 |
33% |
$199,175 - $225,000 |
35% |
$194,175 + |
35% |
$225,000 + |
39.6% |
|
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Single Filers
| 2013 Taxable Income |
Tax Rate |
2012 Taxable Income |
Tax Rate |
$0 - $8,925 |
10% |
$0 - $8,700 |
10% |
$8,925 - $36,250 |
15% |
$8,700 - $35,350 |
15% |
$36,250 - $87,850 |
25% |
$35,350 - $85,650 |
25% |
$87,850 - $183,250 |
28% |
$85,650 - $178,650 |
28% |
$183,250 - $398,350 |
33% |
$178,650 - $388,350 |
33% |
$398,350 - $400,000 |
35% |
$388,350 + |
35% |
$400,000 + |
39.6% |
|
|
Head of Household
| 2013 Taxable Income |
Tax Rate |
2012 Taxable Income |
Tax Rate |
$0 - $12,750 |
10% |
$0 - $12,400 |
10% |
$12,750 - $48,600 |
15% |
$12,400 - $47,350 |
15% |
$48,600 - $125,450 |
25% |
$47,350 - $122,300 |
25% |
$125,450 - $203,150 |
28% |
$122,300 - $198,050 |
28% |
$203,150 - $398,350 |
33% |
$198,050 - $388,350 |
33% |
$398,350 - $425,000 |
35% |
$388,350 + |
35% |
$425,000 + |
39.6% |
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Standard Deduction Amounts
Filing Status |
2013 |
2012 |
Increase |
Married Filing Jointly
(& Surviving Spouse) |
$12,200 |
$11,900 |
$300 |
Married Filing Separately |
$6,100 |
$5,950 |
$150 |
Single |
$6,100 |
$5,950 |
$150 |
Head of Household |
$8,950 |
$8,700 |
$250 |
Standard Deduction for Dependents (“Kiddie” Standard Deduction)
2013 |
2012 |
Increase |
$1,000 |
$950 |
$50 |
Income Level at Which 3-Percent Itemized Deduction Limitation Takes Effect (Adjusted Gross Income)
Filing Status |
2013 |
2012 |
Married Filing Jointly
(& Surviving Spouse) |
$300,000 |
Not Applicable – No Limitation |
Married Filing Separately |
$150,000 |
Not Applicable – No Limitation |
Single |
$250,000 |
Not Applicable – No Limitation |
Head of Household |
$275,000 |
Not Applicable – No Limitation |
Personal Exemption Amounts
2013 |
2012 |
Increase |
$3,900 |
$3,800 |
$100 |
Threshold for Personal Exemption Phaseout
Filing Status |
2013 |
2012 |
Married Filing Jointly
(& Surviving Spouse) |
$300,000 |
Not Applicable – No Phaseout |
Married Filing Separately |
$150,000 |
Not Applicable – No Phaseout |
Single |
$250,000 |
Not Applicable – No Phaseout |
Head of Household |
$275,000 |
Not Applicable – No Phaseout |
Gift Tax Exemption
2013 |
2012 |
Increase |
$14,000 |
$13,000 |
$1,000 |
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