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