2007 Federal Income Tax Brackets
To get an idea of the sophistication behind our tax software, you should consult the Federal tax bracket tables. In 2007, the Federal tax brackets were as follows:
Schedule X — Single
| If taxable income is over— | But not over— | The tax is: |
| $0 |
$8,025 |
10% of the amount over $0 |
| $8,025 |
$32,550 |
$802.50 plus 15% of the amount over $8,025 |
| $32,550 |
$78,850 |
$4,481.25 plus 25% of the amount over $32,550 |
| $78,850 |
$164,550 |
$16,056.75 plus 28% of the amount over $78,850 |
| $164,550 |
$357,700 |
$40,052.25 plus 33% of the amount over $164,550 |
| $357,700 |
no limit |
$103,791.75 plus 35% of the amount over $357,700 |
Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over— | But not over— | The tax is: |
| $0 | $16,050 |
10% of the amount over $0 |
| $16,050 | $65,100 |
$1,605.00 plus 15% of the amount over $16,050 |
| $65,100 | $131,450 |
$8,962.50 plus 25% of the amount over $65,100 |
| $131,450 | $200,300 |
$25,550.00 plus 28% of the amount over $131,450 |
| $200,300 | $357,700 |
$44,828.00 plus 33% of the amount over $200,300 |
| $357,700 |
no limit | $96,770.00 plus 35% of the amount over $357,700 |
Schedule Y-2 — Married Filing Separately
| If taxable income is over— | But not over— | The tax is: |
| $0 | $8,025 |
10% of the amount over $0 |
| $8,025 | $32,550 |
$802.50 plus 15% of the amount over $8,025 |
| $32,550 | $65,725 |
$4,481.50 plus 25% of the amount over $32,550 |
| $65,725 | $100,150 |
$12,775.00 plus 28% of the amount over $65,725 |
| $100,150 | $178,850 |
$22,414.00 plus 33% of the amount over$100,150 |
| $178,850 |
no limit | $48,385.00 plus 35% of the amount over $178,850 |
Schedule Z — Head of Household
| If taxable income is over— | But not over— | The tax is: |
| $0 | $11,450 |
10% of the amount over $0 |
| $11,450 | $43,650 |
$1,145.00 plus 15% of the amount over $11,450 |
| $43,650 | $112,650 |
$5,975.00 plus 25% of the amount over $43,650 |
| $112,650 | $182,400 |
$23,225.00 plus 28% of the amount over $112,650 |
| $182,400 | $357,700 |
$42,755.00 plus 33% of the amount over$182,400 |
| $357,700 |
no limit | $100,604.00 plus 35% of the amount over $357,700 |
These tax tables are provided courtesy of the Interal Revenue Service.
