10%

0 to $8,925

15%

$8,925 to $36,250

25%

$36,250 to $87,850

28%

$87,850 to $183,250

33%

$183,250 to $398,350

35%

$398,350 to $400,000

39.6%

Over $400,000

2013 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,200

10%

0 to $17,850

15%

$17,850 to $72,500

25%

$72,500 to $146,400

28%

$146,400 to $223,050

33%

$223,050 to $398,350

35%

$398,350 to $450,000

39.6%

Over $450,000

2013 Tax Rates - Married Filing Separately - Standard Deduction $6,100

10%

0 to $8,925

15%

$8,925 to $36,250

25%

$36,250 to $73,200

28%

$73,200 to $111,525

33%

$111,525 to $199,175

35%

$199,175 to $225,000

39.6%

Over $225,000

2013 Tax Rates - Head of Household - Standard Deduction $8,950

10%

0 to $12,750

15%

$12,750 to $48,600

25%

$48,600 to $125,450

28%

$125,450 to $203,150

33%

$203,150 to $398,350

35%

$398,350 to $425,000

39.6%

Over $425,000

2013 Tax Rates - Estates & Trusts

15%

0 to $2,450

25%

$2,450 to $5,700

28%

$5,700 to $8,750

33%

$8,750 to $11,950

39.6%

Over $11,950

Social Security

2013 Tax Rates

Social Security Tax Rate: Employers

6.2%

Social Security Tax Rate: Employees

6.2%

Social Security Tax Rate: Self-Employed

12.4%

Maximum Taxable Earnings

$113,700

Medicare Base Salary

Unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

0.9%

Medicare tax on investment income ($200,000 single filers, $250,000 joint filers)

3.8%

Miscellaneous

2013 Tax Rates

Business expensing limit: Cap on equipment purchases

$2,000,000

Business expensing limit: New and Used Equipment and Software

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2013 tax liability

Standard mileage rate for business driving

56.5 cents

Standard mileage rate for medical/moving driving

24 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000

Unearned income maximum for children under 19 before kiddie tax applies

$1,000

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,000 if under age 50
$14,500 if 50 or older

Maximum Contribution to SEP IRA

25% of eligible compensation
up to $51,000

401(k) maximum employee contribution limit

$17,500 if under age 50
$23,000 if 50 or older

Estate tax exemption

$5,250,000

Annual Exclusion for Gifts

$14,000

Education

2013 Tax Rates

American Opportunity Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Meal Rates for Family Child Care Providers for 2013 income tax returns

Continental U.S.

2013 Tax Rates

For each breakfast

$1.27

For each lunch or supper

$2.38

For each snack (up to 3 per day for each child)

$0.71

Alaska

2013 Tax Rates

For each breakfast

$2.03

For each lunch or supper

$3.86

For each snack (up to 3 per day for each child)

$1.15

Hawaii

2013 Tax Rates

For each breakfast

$1.48

For each lunch or supper

$2.79

For each snack (up to 3 per day for each child)

$0.83