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The IRS has published all of the 2006 income tax and deduction rates that are adjusted for inflation. The tax rate tables and the standard deductions for taxpayers are shown below.
The tax rate tables are as follows:
| Married Individuals Filing Joint Returns and Surviving Spouses
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| If Taxable Income Is:
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The Tax Is:
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Not over $15,100
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10% of the taxable income
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Over $15,100 but not over $61,300
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$1,510 plus 15% of the excess over $15,100
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Over $61,300 but not over $123,700
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$8,440 plus 25% of the excess over $61,300
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Over $123,700 but not over $188,450
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$24,040 plus 28% of the excess over $123,700
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Over $188,450 but not over $336,550
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$42,170 plus 33% of the excess over $188,450
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Over $336,550
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$91,043 plus 35% of the excess over $336,550
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| Heads of Households
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| If taxable income is:
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The tax is:
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Not over $10,750
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10% of the taxable income
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Over $10,750 but not over $41,050
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$1,075 plus 15% of the excess over $10,750
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Over $41,050 but not over $106,000
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$5,620 plus 25% of the excess over $41,050
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Over $106,000 but not over $171,650
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$21,857.50 plus 28% of the excess over $106,000
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Over $171,650 but not over $336,550
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$40,239.50 plus 33% of the excess over $171,650
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Over $336,550
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$94,656.50 plus 35% of the excess over $336,550
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| Unmarried Individuals (other than Surviving Spouse and Heads of Households)
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| If taxable income is:
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The tax is:
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Not over $7,550
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10% of the taxable income
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Over $7,550 but not over $30,650
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$755 plus 15% of the excess over $7,550
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Over $30,650 but not over $74,200
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$4,220 plus 25% of the excess over $30,650
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Over $74,200 but not over $154,800
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$15,107.50 plus 28% of the excess over $74,200
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Over $154,800 but not over $336,550
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$37,675.50 plus 33% of the excess over $154,800
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Over $336,550
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$97,653 plus 35% of the excess over $336,550
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| Married Individuals Filing Separate Returns
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| If taxable income is:
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The tax is:
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Not over $7,550
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10% of the taxable income
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Over $7,550 but not over $30,650
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$755 plus 15% of the excess over $7,550
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Over $30,650 but not over $61,850
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$4,220 plus 25% of the excess over $30,650
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Over $61,850 but not over $94,225
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$12,020 plus 28% of the excess over $61,850
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Over $94,225 but not over $168,275
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$21,085 plus 33% of the excess over $94,225
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Over $168,275
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$45,521.50 plus 35% of the excess over $168,275
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| Standard Deductions
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| Filing Status :
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Standard Deduction:
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Married Individuals Filing Joint Returns and Surviving Spouses
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$10,300
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Heads of Households
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$7,550
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Unmarried Individuals (other than Surviving Spouses and Heads of Households)
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$5,150
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Married Individuals Filing Separate Returns
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$5,150
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...back to 3 November 2004
Further information:
2006 Inflation Adjustments Widen Tax Brackets, Change Tax Benefits
Administrative, Procedural, and Miscellaneous
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For Payroll and Human Resource Professionals
