2007 Federal Income Tax Rates

The Tax Rate Schedules from the Internal Revenue Service are shown so you can see the tax rate that applies to all levels of taxable income. Do not use them to figure your tax. Instead, see the instructions for line 44 that begin on page 75 of the 2007 1040 Form Instruction Booklet, and utilize the 2007 Federal Income Tax Rate Table as a guideline to determine taxable income and filing status.

Schedule X - If your filing status is Single

If your taxable income is:		The tax is:
Over:	But not over:		Of the amount over:
$0	$7,825	-------------- 10%	$0
7,825	31,850	$782.50 + 15%	7,825
31,850	77,100	4,386.25 + 25%	31,850
77,100	160,850	15,698.75 + 28%	77,100
160,850	349,700	39,148.75 + 33%	160,850
349,700	-----------	101,469.25 + 35%	349,700

Schedule Y-1 - If your filing status is Married Filing Jointly or Qualifying Widow(er)

If your taxable income is:		The tax is:
Over:	But not over:		Of the amount over:
$0	$15,650	-------------- 10%	$0
15,650	63,700	$1,565.00 + 15%	15,650
63,700	128,500	8,772.50 + 25%	63,700
128,500	195,850	24,972.50 + 28%	128,500
195,850	349,700	43,830.50 + 33%	195,850
349,700	-----------	94,601.00 + 35%	349,700

Schedule Y-2 - If your filing status is Married Filing Separately

If your taxable income is:		The tax is:
Over:	But not over:		Of the amount over:
$0	$7,825	-------------- 10%	$0
7,825	31,850	$782.50 + 15%	7,825
31,850	64,250	4,386.25 + 25%	31,850
64,250	97,925	12,486.25 + 28%	64,250
97,925	174,850	21,915.25 + 33%	97,925
174,850	-----------	47,300.50 + 35%	174,850

Schedule Z—If your filing status is Head of household

If your taxable income is:		The tax is:
Over:	But not over:		Of the amount over:
$0	$11,200	-------------- 10%	$0
11,200	42,650	$1,120.00 + 15%	11,200
42,650	110,100	5,837.50 + 25%	42,650
110,100	178,350	22,700.00 + 28%	110,100
178,350	349,700	41,810.00 + 33%	178,350
349,700	-----------	98,355.50 + 35%	349,700