How do I determine what tax bracket I am in?

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How do I determine what tax bracket I am in?

2007-03-20 03:22:01 · 3 answers · asked by TRACEY W 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Simple.

Go to the "Tax Rate Schedules" not "Tax Tables" and look at the rate next to your Taxable Income as reported on your Form 1040. You will be either in the
15%, 28% or 35% tax bracket.

2007-03-20 07:17:00 · answer #1 · answered by bold4bs 4 · 0⤊ 0⤋

It depends on your earnings, what bracket you are in. Just check the chart.

2007-03-20 03:49:33 · answer #2 · answered by franklinsmoke 2 · 0⤊ 0⤋

Go here: http://www.irs.gov/formspubs/article/0,,id=150856,00.html

2007-03-20 03:29:55 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋