2012 CCH Whole Ball of Tax
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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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