2013 and 2014 Tax Tables: What You Need to Know

The 2013 and 2014 tax tables look confusing, but you can master them.

Aug 27, 2014 at 6:44PM

Photo: John Morgan, Flickr.

If you applied for a tax-filing extension back in April, your ultimate deadline for your 2013 tax return is likely approaching: Oct. 15, 2014 is when most extension-granted returns are due to be filed. For those who filed on time, the big deadline for our 2014 tax return is April 15, 2015. Whether you're a late or on-time filer, the 2013 and 2014 tax tables below can help as you prepare your return.

2013 and 2014 tax tables
Many people find themselves asking, "What tax bracket am I in?" The IRS lays out its brackets each year and also issues long tax tables. Here are the brackets for 2013, for the late filers:

2013 Brackets

Single Filers

Married Filing Jointly/Qualifying Widow(er)

Married Filing Separately

Head of Household


Up to $8,925

Up to $17,850

Up to $8,925

Up to $12,750



























$400,001 or more

$450,001 or more

$225,001 or more

$425,001 or more

And here are the 2014 tax tables and brackets that we'll refer to as we prepare and file our 2014 tax returns in April of 2015:

2014 Brackets

Single Filers

Married Filing Jointly/Qualifying Widow(er)

Married Filing Separately

Head of Household


up to $9,075

up to $18,150

up to $9,075

up to $12,950


$9,076 -$36,900

























$406,751 or more

$457,601 or more

$228,801 or more

$432,201 or more

2013 and 2014 tax tables and your effective tax rate
But wait! If you don't look closely enough at these tables, or if you draw a hasty conclusion from some other 2014 tax tables, you might think that if you're, say, single and earning $40,000, that your tax rate is 25% for 2014. Well, in a sense it is, but that's not the overall tax rate that you'll pay. Take a closer look at these 2014 tax tables, and you'll see that 25% is the rate you're taxed on just some of your income -- the amount between $36,901 and $40,000. You're taxed at a much lower rate of 15% on your income between $9,076 and $36,900. And your taxable earnings from zero to $9,075? The tax hit is a mere 10%.

Your effective tax rate is significantly less than 25%. That's just your marginal rate. To arrive at your effective rate, you divide your total tax due by your taxable earnings. You can accomplish that by referencing the 2013 or 2014 tax tables above or by referring to the detailed tax tables that the IRS releases each year. The detailed 2014 tax tables aren't available yet, so let's look at the 2013 tables (link opens PDF), imagining that we're single with a taxable income of $40,000. Zero in on that income, and you'll see a tax bill of $5,935. Divide that by $40,000, and presto -- the effective rate is 14.8%. If you pulled in twice that, $80,000, then you owed $15,935, or 19.9%. This is a "progressive" design by which those who earn more are taxed at higher rates.

You can check out the detailed 2014 tax tables when they're released later in the year. One place they usually appear is in the instruction publications for the 1040EZ, 1040A, and 1040 forms, which will be available on the IRS website's Forms & Publications page.

When you next file your tax return, know that your tax rate may not be as bad as it seems.

Bonus tax tip: Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Longtime Fool specialist Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

©1995-2014 The Motley Fool. All rights reserved. | Privacy/Legal Information

Compare Brokers