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The IRS has published all of the 2005 income tax and deduction rates that are adjusted for inflation. The tax rate tables and the standard deductions for taxpayers are shown below. The full details are available in Revenue Procedure 2004-71.
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 $14,600
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10% of the taxable income
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Over $14,600 but not over $59,400
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$1,460 plus 15% of the excess over $14,600
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Over $59,400 but not over $119,950
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$8,180 plus 25% of the excess over $59,400
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Over $119,950 but not over $182,800
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$23,317.50 plus 28% of the excess over $119,950
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Over $182,800 but not over $326,450
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$40,915.50 plus 33% of the excess over $182,800
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Over $326,450
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$88,320 plus 35% of the excess over $326,450
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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 $10,450
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10% of the taxable income
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Over $10,450 but not over $39,800
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$1,045 plus 15% of the excess over $10,450
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Over $39,800 but not over $102,800
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$5,447.50 plus 25% of the excess over $39,800
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Over $102,800 but not over $166,450
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$21,197.50 plus 28% of the excess over $102,800
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Over $166,450 but not over $326,450
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$39,019.50 plus 33% of the excess over $166,450
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Over $326,450
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$91,819.50 plus 35% of the excess over $326,450
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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 $7,300
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10% of the taxable income
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Over $7,300 but not over $29,700
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$730 plus 15% of the excess over $7,300
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Over $29,700 but not over $71,950
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$4,090 plus 25% of the excess over $29,700
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Over $71,950 but not over $150,150
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$14,652.50 plus 28% of the excess over $71,950
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Over $150,150 but not over $326,450
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$36,548.50 plus 33% of the excess over $150,150
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Over $326,450
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$94,727.50 plus 35% of the excess over $326,450
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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 $7,300
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10% of the taxable income
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Over $7,300 but not over $29,700
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$730 plus 15% of the excess over $7,300
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Over $29,700 but not over $59,975
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$4,090 plus 25% of the excess over $29,700
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Over $59,975 but not over $91,400
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$11,658.75 plus 28% of the excess over $59,975
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Over $91,400 but not over $163,225
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$20,457.75 plus 33% of the excess over $91,400
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Over $163,225
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$44,160 plus 35% of the excess over $163,225
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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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$10,000
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Heads of Households
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$7,300
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Unmarried Individuals (other than Surviving Spouses and Heads of Households)
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$5,000
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Married Individuals Filing Separate Returns
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$5,000
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Further information:
www.irs.gov/pub/irs-drop/rp-04-71.pdf
...back to 25 November 2004
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For Payroll and Human Resource Professionals
