2013 Tax Brackets: Where will you fall this year?

Income tax form and pencil

This fall's government shutdown means the Internal Revenue Service won't start processing 2013 tax returns until sometime between Jan. 28 and Feb. 4.

That's one to two weeks later than previously scheduled.

But taxpayers will still be required to file a return by April 15, and companies still must send W-2 and other tax forms on schedule, usually by Jan. 31.

So with the holidays here, it's time to start thinking about how much you earned this year and the tax brackets you'll fall into for 2013.

Remember that the income on this chart is your taxable income, after you've subtracted all of your adjustments, deductions and exemptions from what you actually made.

Take a look at Line 43 on your 2012 Form 1040 to see what your taxable income was last year.

Also, remember that these are marginal tax rates, which means filers can pay several different rates on their income.

If, for example, you are single and have a taxable income of $50,000, you will pay 10% on the first $8,925, 15% on your income from $8,925 to $36,250 and 25% on your income from $36,350 to $50,000.

Federal Income Tax Brackets for 2013

Tax Rate Single Filers Married Joint Filers Head of Household Filers
10% $0 to $8,925 $0 to $17,850 $0 to $12,750
15% $8,925 to $36,250 $17,850 to $72,500 $12,750 to $48,600
25% $36,250 to $87,850 $72,500 to $146,400 $48,600 to $125,450
28% $87,850 to 183,250 $146,400 to $233,050 $125,450 to $203,150
33% $183,250 to $398,350 $223,050 to $398,350 $203,150 to $398,350
35% $398,350 to $400,000 $398,350 to $450,000 $398,350 to $425,000
39.6% $400,000 and up $450,000 and up $425,000 and up

What's different from 2012?

There's a new top tax bracket of 39.6% for taxable income over $400,000 (for single filers) or $450,000 (for married couples filing jointly).

There are also two new surtaxes high-income taxpayers will have to contend with this year:

Those apply to individuals with taxable income over $200,000, or $250,000 for couples filing jointly.

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