2014 Tax Rates - Single Taxpayers - Standard Deduction $6,200 2013 Rates
- 10%0 to $9,075
- 15%$9,075 to $36,900
- 25%$36,900 to $89,350
- 28%$89,350 to $186,350
- 33%$186,350 to $405,100
- 35%$405,100 to $406,750
- 39.6%Over $406,750
2014 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,400
- 10%0 to $18,150
- 15%$18,150 to $73,800
- 25%$73,800 to $148,850
- 28%$148,850 to $226,850
- 33%$226,850 to $405,100
- 35%$405,100 to $457,600
- 39.6%Over $457,600
2014 Tax Rates - Married Filing Separately - Standard Deduction $6,200
- 10%0 to $9,075
- 15%$9,075 to $36,900
- 25%$36,900 to $74,425
- 28%$74,425 to $113,425
- 33%$113,425 to $202,550
- 35%$202,550 to $228,800
- 39.6%Over $228,800
2014 Tax Rates - Head of Household - Standard Deduction $9,100
- 10%0 to $12,950
- 15%$12,950 to $49,400
- 25%$49,400 to $127,550
- 28%$127,550 to $206,600
- 33%$206,600 to $405,100
- 35%$405,100 to $432,200
- 39.6%Over $432,200
2014 Tax Rates - Estates & Trusts
- 15%0 to $2,500
- 25%$2,500 to $5,800
- 28%$5,800 to $8,900
- 33%$8,900 to $12,150
- 39.6%Over $12,150
Social Security 2014 Tax Rates
- Social Security Tax Rate: Employers6.2%
- Social Security Tax Rate: Employees6.2%
- Social Security Tax Rate: Self-Employed12.4%
- Maximum Taxable Earnings$117,000
- Medicare Base SalaryUnlimited
- Medicare Tax Rate1.45%
- Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)0.9%
- Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)3.8%
Miscellaneous 2014 Tax Rates
- Personal Exemption$3,950
- Business expensing limit: Cap on equipment purchases$200,000,000
- Business expensing limit: New and Used Equipment and Software$500,000
- Prior-year safe harbor for estimated taxes of higher-income110% of your 2014 tax liability
- Standard mileage rate for business driving56 cents
- Standard mileage rate for medical/moving driving23.5 cents
- Standard mileage rate for charitable driving14 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% bracket0%
- Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket15%
- Maximum capital gains tax rate for taxpayers in the 39.6% bracket20%
- Capital gains tax rate for unrecaptured Sec. 1250 gains25%
- Capital gains tax rate on collectibles28%
- 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 IRA25% of eligible compensation
up to $52,000 - 401(k) maximum employee contribution limit$17,500 if under age 50
$23,000 if 50 or older - Estate tax exemption$5,340,000
- Annual Exclusion for Gifts$14,000
Education 2014 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 2014 income tax returns
Continental U.S. 2014 Tax Rates
- For each breakfast$1.62
- For each lunch or supper$2.98
- For each snack (up to 3 per day for each child)$0.82
Alaska 2014 Tax Rates
- For each breakfast$2.59
- For each lunch or supper$4.84
- For each snack (up to 3 per day for each child)$1.33
Hawaii 2014 Tax Rates
- For each breakfast$1.88
- For each lunch or supper$3.49
- For each snack (up to 3 per day for each child)$0.96