Tag: Tax Brackets

2020 vs 2019 Federal IRS Tax Brackets, Tax Rates and Standard Deduction Updates

[Updated with 2020 Tax Brackets] Below are the official 2020 IRS tax brackets. Note that the updated tax rates and brackets would only apply for the 2020 tax year (filed… Read more »

2014 IRS Tax Brackets and Rates With Standard Deduction and Personal Exemption Updates

Below are the 2014 IRS federal tax brackets based on annual inflation adjustments. Given the low inflation environment there were only moderate increases in tax brackets, standard deductions and to the personal… Read more »

2013 Tax Rates and Brackets, Standard Deduction and Personal Exemptions Updated in Federal IRS Tax Table

[Updated with 2013 IRS inflation adjusted tax brackets and fiscal cliff changes] Congress and the Obama administration’s fiscal cliff deal (ATRA act) means that 2013 federal tax rates will remain fixed for nearly… Read more »

2012 Tax Brackets and Federal IRS Rates, Standard Deduction and Personal Exemptions

2012 and 2011 tax rates stayed the same as 2010 levels thanks to an extension of the Bush-era tax cuts. This has been confirmed by the IRS with the release… Read more »

Fiscal Cliff Deal and What’s Ahead in 2013 for Taxes on Income, Capital Gains, Dividends and Estates

Congress and the Obama administration’s fiscal cliff deal means that 2013 federal tax rates will remain fixed for nearly 99% of the population. Only those earning $450,000/$400,000 (married/single) AGI will have… Read more »

2011 Tax Brackets, Rates and Federal Taxable Income Thresholds. Standard Deduction and Exemption Increase

President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 Federal IRS tax rates will be the same as… Read more »