What are the Tax Brackets for 2010, 2011?
We will start off with the basics and then get into actual numbers. First of all we start with a filing status category. We have a few to choose from. The filing statuses are; Married filing jointly or Qualifying widow(er) filing status, Married filing separately, Single filing status, and Head of household filing status.
Use TurboTax Online to file your taxes in the federal tax bracket which is right for you. Have full confidence knowing your income tax return is prepared and filed correctly. Let the tax experts do all the hard work for you. There are many factors to consider when you’re trying to find out what federal tax bracket you fall into.
Single Filing Status
Okay if you are in single the tax bracket, the tax rate can go from 10% to 35% depending on your income. We start out at 10% with an income between $0 and $8,500.
The rate is 15% for and income between $8,501 plus and $34,500 plus. As the income increases so does the tax rate. The top bracket which is 35% is for an income over $379,151 plus.
Married Filing Jointly or Qualified Widow (er)
Now for this filing status we also have the tax rate that goes from 10% to 35%. The rate of 10% applies to an income from $0 to $16,750 plus. The rate of 35% applies to an income over $373,651 plus.
Married Filing Separately
For this filing status we also have the tax rate going from 10% to 35%. I might as well tell you now all of the filing statuses have the tax rate going from 10% to 35%. For married filing separately we start at 10% for an income between $0 and $8,375. The 35% tax rate is for an income over $186,826 plus.
Head of Household
The head of household filing status is for people who own their own business. We start out at 10% for an income between $0 and $11,950. The 35% tax rate is for an income over $373,651 plus.
Finding Your Tax Bracket
You can find your federal tax bracket the old fashioned way through the IRS if you would like or you can find it the easy way through TurboTax Online.
If you would like to find your federal tax bracket the easy way I suggest you visit Turbo Tax Online. Their software is so easy to use you won’t believe it unless you give it a try. The good news is you can try for free.
You don’t have to pay unless you decide to file your tax return. If you can answer simple questions about your life and the income you earn then, you will be able to use the TurboTax Online tax preparation software with no problems at all.
You are guaranteed the biggest refund or the lowest tax owed possible. Visit TurboTax Online today to discover even more benefits while using their software!