2013 Tax Facts

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2013 Tax Facts

  1. 1. ™ http://www.healthcareexchange.com/ Single2013 Tax Facts If taxable income is: Not over $11,125 The tax is: 10% of taxable income Over $11,125 $892.50 plus 15% of the excess over $11,125 but not over $38,4502013 Standard Deductions Over $38,450 $4,991.25 plus 25% of the excess over $38,450Filing Status Standard Deduction Age 65 + or blind but not over $90,050 Over $90,050 $17,891.25 plus 28% of the excess over $90,050Single $6,100 $1,500 but not over $185,450MFJ or SS $12,200 $1,200 Over $185,450 $44,603.25 plus 33% of the excess over $185,450MFS $6,100 $1,200 but not over $400,550HOH $8,950 $1,500 Over $400,550 $115,586.25 plus 35% of the excess over $400,550 but not over $402,200State Minimum Wage Rates Over $402,200 $116,163.75 plus 39.6% of the excess over $402,200State Rate State Rate Married Filing Jointly or Surviving SpouseFEDERAL $7.25 Missouri $7.35 If taxable income is: The tax is:Alabama $7.25 Montana $7.80 Not over $26,150 10% of taxable incomeAlaska $7.75 Nebraska $7.25 Over $26,150 $1,785 plus 15% of the excess over $26,150Arizona $7.80 Nevada $8.25 but not over $80,800Arkansas $7.25 New Hampshire $7.25 Over $80,800 $9,982.50 plus 25% of the excess over $80,800California $8.00 New Jersey $7.25 but not over $154,700Colorado $7.78 New Mexico $7.50 Over $154,700 $28,457.50 plus 28% of the excess over $154,700 but not over $231,350Connecticut $8.25 New York $7.25 Over $231,350 $49,919.50 plus 33% of the excess over $231,350Delaware $7.25 North Carolina $7.25 but not over $406,650Dist. of Columbia $8.25 North Dakota $7.25 Over $406,650 $107,768.50 plus 35% of the excess over $406,650Florida $7.79 Ohio $7.85 but not over $458,300Georgia $7.25 Oklahoma $7.25 Over $458,300 $125,846.00 plus 39.6% of the excess over $458,300Hawaii $7.25 Oregon $8.95 *Due to the fiscal cliff, the tax tables for Head of Household and Married Filing Separately will be released at a later date.Idaho $7.25 Pennsylvania $7.25 Federal Payroll Taxes (Employee)Illinois $8.25 Rhode Island $7.75 Tax Maximum Earnings RateIndiana $7.25 South Carolina $7.25Iowa $7.25 South Dakota $7.25 FICA $113,700 6.20%Kansas $7.25 Tennessee $7.25 Medicare Unlimited 1.45%Kentucky $7.25 Texas $7.25 Additional Medicare additional 0.90% over $200kLouisiana $7.25 Utah $7.25Maine $7.50 Vermont $8.60 Federal Payroll Taxes (Employer)Maryland $7.25 Virginia $7.25 Tax Maximum Earnings RateMassachusetts $8.00 Washington $9.19Michigan $7.40 West Virginia $7.25 FICA $113,700 6.20%Minnesota $7.25 Wisconsin $7.25 Medicare Unlimited 1.45%Mississippi $7.25 Wyoming $7.25 FUTA $7,000 0.60%Earned Income Credit Mileage RatesItem No Children 1 Child 2 Children 3 or More Children Purpose 2013 RateMaximum Amount of Credit $475 $3,169 $5,236 $5,891 Business 56.5¢ per mileCompleted Phaseout Amount $13,980 $36,920 $41,952 $45,060 Medical 24¢ per mile(Single, SS, HoH) Moving 24¢ per mileCompleted Phaseout Amount $19,190 $42,130 $47,162 $50,270(MfJ) Charitable 14¢ per mile

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