July 16, 2013

A taxpayer's guide to 2013 tax rates

Update: Be sure to check out our latest post on tax rates. 2014 tax rates for individuals and married couples filing jointly can be found here.

The tax code has seen a plethora of changes over the past year, with more to come. The fiscal cliff deal brought about adjustments in income tax rates and capital gains and a Medicare tax on investment income to name just a few.

Taxpayers have been left wondering what, exactly, they’re paying in taxes.

Being the tax enthusiasts we are, to help answer that question we created two charts so individual taxpayers and married couples filing jointly can see their rates separately.

In order to maximize your tax savings, it’s important to understand your marginal tax rate across different tax categories to plan accordingly.

Hopefully this can help determine what and where you’re paying in taxes in 2013.

1Threshold applies separately to taxpayer and spouse
2Tax on lesser of net investment income or modified AGI in excess of threshold

1Tax on lesser of Net Investment Income or modified AGI in excess of threshold

This information is prepared with the understanding that CBIZ is not rendering legal, accounting or other professional advice. Contact a tax professional prior to taking any action based upon this information. CBIZ assumes no obligation to inform you of any changes in tax laws or other factors that could affect the information contained herein.

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