What Kinds of Information Are on IRS 2013 Tax Tables?


Quick Answer

The IRS 2013 tax tables contain tax brackets and tax amounts for all filing statuses and for any amount of taxable income. It provides a tax table for incomes of up to $100,000 and a tax computation worksheet for incomes over $100,000, as seen on the IRS website.

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Full Answer

The first table lists the tax amounts for taxable incomes of $0 to $100,000 at regular intervals. There are entries for every $5 increment of taxable income in the beginning of the table. The increment increases gradually to settle at $50 after $3,000. There is one column corresponding to each of the four filing statuses, which are single, married filing jointly, married filing separately and head of household. If your income is $100,000 or less, simply read the amount indicated, and enter it on Form 1040, line 44, according to IRS instructions.

The computation worksheet consists of a section for each filing status, notes the IRS. Each section provides a table containing formulas for computing taxes on taxable incomes exceeding $100,000. A table is divided into four rows. In every row, the taxable income is multiplied by the tax rate factor for a bracket and for the filing status. An amount is subtracted from this product to obtain the tax to be entered on Form 1040, line 44.

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