marginal tax rates

Do you know your income tax bracket? I know ours. For 2013, we were in the 25% federal tax bracket. But what does that really mean? For background, since I’m married and we file jointly, that means our taxable income fell somewhere in the $72,501-$146,400 range. If you want to […]

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Curious as to what next year holds in terms of federal income tax brackets? Well, look no further, because I’ve got the details below. But before I get to the brackets themselves, I wanted to take a moment to remind you exactly how tax brackets work… In our progressive tax […]

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Federal Income Tax Brackets for 2013

by Michael on Jan 15, 2013

Now that the dust has settled from the fiscal cliff debate, it’s time to update our federal income tax brackets for 2013. Before I list the relevant details, however, I just wanted to take a moment to remind you exactly how tax brackets work… In our progressive tax system, the […]

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With all the drama surrounding the ongoing fiscal cliff negotiations, it’s hard to say for certain what 2013 tax brackets will look like. That being said, the Bush-era tax cuts are currently set to expire, meaning that rates will be going up if Congress doesn’t act. Update: At long last, […]

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