2005 Reference Room
This is an archive of our reference
room. For more recent numbers visit our current reference room.
| |
2003 |
2004 |
2005 |
|
Personal exemptions |
$3,050 |
$3,100 |
$3,200 |
Standard deduction
married filing jointly
head of household
single or separate |
9,500
7,000
4,750 |
9,700
7,150
4,850 |
10,000
7,300
5,000 |
Additional amount for aged or blind
married
single |
950
1,150 |
950
1,200 |
1,000
1,250 |
|
Kiddie tax exemption |
750 |
800 |
800 |
Gift tax exclusion
individual
non-citizen spouse |
11,000
112,000 |
11,000
114,000 |
11,000
117,000 |
| |
2005 Tax Rate Schedules
For tax year 2005 (returns
filed in 2006)
Click here for 2004 rate schedules |
Single |
| Taxable income is
over |
But not over |
The tax is |
Plus |
Of the amount
over |
| $0 |
$7,300 |
$0.00 |
10% |
$0 |
| 7,300 |
29,700 |
730.00 |
15% |
7,300 |
| 29,700 |
71,950 |
4,090.00 |
25% |
29,700 |
| 71,950 |
150,150 |
14,652.50 |
28% |
71,950 |
| 150,150 |
326,450 |
36,548.50 |
33% |
150,150 |
| 326,450 |
|
94,727.50 |
35% |
326,450 |
Married
Filing Jointly
Qualifying Widow(er) |
| Taxable income is
over |
But not over |
The tax is |
Plus |
Of the amount
over |
| $0 |
$14,600 |
$0.00 |
10% |
$0 |
| 14,600 |
59,400 |
1,460.00 |
15% |
14,600 |
| 59,400 |
119,950 |
8,180.00 |
25% |
59,400 |
| 119,950 |
182,800 |
23,317.50 |
28% |
119,950 |
| 182,800 |
326,450 |
40,915.50 |
33% |
182,800 |
| 326,450 |
|
88,320.00 |
35% |
326,450 |
Head
of Household |
| Taxable income is
over |
But not over |
The tax is |
Plus |
Of the amount
over |
| $0 |
$10,450 |
$0.00 |
10% |
$0 |
| 10,450 |
39,800 |
1,045.00 |
15% |
10,450 |
| 39,800 |
102,800 |
5,447.50 |
25% |
39,800 |
| 102,800 |
166,450 |
21,197.50 |
28% |
102,800 |
| 166,450 |
326,450 |
39,019.50 |
33% |
166,450 |
| 326,450 |
|
91,819.50 |
35% |
326,450 |
Married
Filing Separately |
| Taxable income is
over |
But not over |
The tax is |
Plus |
Of the amount
over |
| $0 |
$7,300 |
$0.00 |
10% |
$0 |
| 7,300 |
29,700 |
730.00 |
15% |
7,300 |
| 29,700 |
59,975 |
4,090.00 |
25% |
29,700 |
| 59,975 |
91,400 |
11,658.75 |
28% |
59,975 |
| 91,400 |
163,225 |
20,457.75 |
33% |
91,400 |
| 163,225 |
|
44,160.00 |
35% |
163,225 |
|
Tax Guide for Investors |
