2012 Federal Tax Rate Schedules
Single
$0–$8,700
$0.00 + 10% of amount over $0.00
$8,700.01–$35,350
$870 + 15% of the excess over $8,700
$35,350.01–$85,650
$4,867.50 + 25% of amount over $35,350
$85,650.01–$178,650
$17,442.50 + 28% of amount over $85,650
$178,650.01–$388,350
$43,482.50 + 33% of amount over $178,650
$388,350.01 and over
$112,683.50 + 35% of amount over $388,350
Married filing jointly or Surviving Spouse
$0–$17,400
$0.00 + 10% of amount over $0.00
$17,400.01–$70,700
$1,740 + 15% of the excess over $17,400
$70,700.01–$142,700
$9,735 + 25% of amount over $70,700
$142,700.01–$217,450
$27,735 + 28% of amount over $142,700
$217,450.01–$388,350
$48,665 + 33% of amount over $217,450
$388,350.01 and over
$105,062 + 35% of amount over $388,350
Married filing separately
$0–$8,700
$0.00 + 10% of amount over $0.00
$8,700.01–$35,350
$870 + 15% of the excess over $8,700
$35,350.01–$71,350
$4,867.50 + 25% of amount over $35,350
$71,350.01–$108,725
$13,867.50 + 28% of amount over $71,350
$108,725.01–$194,175
$24,332.50 + 33% of amount over $108,725
$194,175.01 and over
$52,531 + 35% of amount over $194,175
Unmarried Head of household
$0–$12,400
$0.00 + 10% of amount over $0.00
$12,400.01–$47,350
$1,240 + 15% of the excess over $12,400
$47,350.01–$122,300
$6,482.50 + 25% of amount over $47,350
$122,300.01–$198,050
$25,220 + 28% of amount over $122,300
$198,050.01–$388,350
$46,430 + 33% of amount over $198,050
$388,350.01 and over
$109,229 + 35% of amount over $388,350
Federal Personal Exemption
$3,800
Standard Deductions (Taxpayer not a dependent)
Single
$5,950
Married Filing Separate
$5,950
Married Filing Joint and Surviving Spouse
$11,900
Head of Household
$8,700
Additional Standard Deductions for Blind and/or Elderly Taxpayers
Blind OR elderly
Blind AND elderly
Single and head of household
$1,450
$2,900
Married taxpayers filing joint, married filing separate and surviving spouse
$1,150 (per taxpayer)
$2,300 (per taxpayer)
Exemption Deduction Phaseouts and Reductions in Itemized Deductions
n/a in 2012
2012 Federal Filing Requirements for Most Taxpayers
Gross income at least:
Single taxpayer — under 65
$9,750
Single taxpayer — 65 or older
$11,200
Married filing separate (regardless of age or vision; or joint if not living with spouse at the end of 2011)
$3,800
Married filing joint — both under age 65
$19,500
Married filing joint — one spouse age 65 or older
$20,650
Married filing joint — both spouses age 65 or older
$21,800
Head of household — under 65
$12,500
Head of household — 65 or older
$13,950
Surviving spouse — under 65
$15,700
Surviving spouse — 65 or older
$16,850