2012 Tax Brackets

The 2012 tax brackets have been calculated and are listed below.  Some of the key changes to the 2012 tax brackets include:

Standard Deduction Increase:

  • For Singles: $5,950 (up $150 from 2011)
  • For Married Filing Jointly: $11,900 (up $300 from 2011)

The 2012 tax brackets actually translate to more savings for the average income earner.  As you look through the 2012 tax table below, you’ll see that the 2012 tax bracket amounts are higher than the 2011 tax bracket amounts.  This means that a larger portion of your income is taxed at the lower rate.

The difference is minimal, but it’s still worth pointing out.  These are projected tax brackets calculated from the Tax Foundation.

2012 Tax Bracket Table

Table 2
Key Tax Parameter Amounts for 2012
Tax Parameter 2011 Amount 2012 Amount
Standard Deduction
    For singles $5,800 $5,950
    For married filing jointly $11,600 $11,900
    For heads of households $8,500 $8,700
    For married filing separately $5,800 $5,950
Personal Exemption $3,700 $3,800
Tax Bracket Thresholds for Single Filers
    10% rate $0 $0
    15% rate $8,500 $8,700
    25% rate $34,500 $35,350
    28% rate $83,600 $85,650
    33% rate $174,400 $178,650
    35% rate $379,150 $388,350
Tax Bracket Thresholds for Heads of Households
    10% rate $0 $0
    15% rate $12,150 $12,400
    25% rate $46,250 $47,350
    28% rate $119,400 $122,300
    33% rate $193,350 $198,050
    35% rate $379,150 $388,350
Tax Bracket Thresholds for Married Filing Jointly
    10% rate $0 $0
    15% rate $17,000 $17,400
    25% rate $69,000 $70,700
    28% rate $139,350 $142,700
    33% rate $212,300 $217,450
    35% rate $379,150 $388,350
Tax Bracket Thresholds for Married Filing Separately
    10% rate $0 $0
    15% rate $8,500 $8,700
    25% rate $34,500 $35,350
    28% rate $69,675 $71,350
    33% rate $106,150 $108,725
    35% rate $189,575 $194,175
Source: Tax Foundation calculations using BLS CPI-U Data

This table was produced by the Tax Foundation

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