These tax rate schedules are provided to help you estimate your 2008 federal income tax. To compute your actual income tax, please see the instructions for the 2008 Form 1040, 1040A or 1040EZ when they become available.
Filing as a Single
| If taxable income is over-- |
But not over -- |
The tax is: |
| $0 |
$8,025 |
10% of the amount over $0 |
| $$8,026 |
$32,550 |
$803 plus 15% of excess over $8,025 |
| $32,551 |
$78,850 |
$4,481 plus 25% of excess over $32,550 |
| $78,851 |
$164,550 |
$16,056 plus 28% of excess over $78,850 |
| $164,551 |
$357,700 |
$40,052 plus 33% of excess over $164,550 |
| $357,700 |
no limit |
$103,792 plus 35% of excess over $357,700 |
Married -- Filing Jointly
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$16,050 |
10% of the amount over $0 |
| $16,051 |
$65,150 |
$1,605 plus 15% of excess over $16,050 |
| $65,151 |
$131,450 |
$8,970 plus 25% of excess over $65,150 |
| $131,451 |
$200,300 |
$25,545 plus 28% of excess over $131,450 |
| $200,301 |
$357,700 |
$44,823 plus 33% of excess over $200,300 |
| $357,700 |
no limit |
$96,765 plus 35% of excess over $357,700 |
Filing as Head of Household
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$11,450 |
10% of the amount over $0 |
| $11,451 |
$43,650 |
$1,145 plus 15% of excess over $11,450 |
| $43,651 |
$112,650 |
$5,975 plus 25% of excess over $43,650 |
| $112,651 |
$182,400 |
$23,225 plus 28% of excess over $112,650 |
| $182,401 |
$357,700 |
$42,755 plus 33% of excess over $182,400 |
| $357,700 |
no limit |
$100,604 plus 35% of excess over $357,700 |
Reader Comments (1)
Posted by: Sandi Jarrett at 01/01/2009 11:26:22 AM
I paid off my home morgage $56,000.00 in the summer of 2008; is there any way to save on what I have to pay in taxes or to avoid it all together? Someone told me if you paid off your dwelling you didn't have to pay taxes on it. Sounds great; but a little hard to believe!