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QUICK TAX FACTS
2007 TAX RATE SCHEDULES (unofficial)
CAUTION: Use the following information only if your taxable income (Form 1040, line 43)
is $100,000 or more. If less, use the Tax Table.
Schedule X: if your filing status is Single
If your taxable income is:
Over
But not over
The tax is:
of the amount over
$0
$7,825
--
10%
$0
7,825
31,850
$782.50 +
15%
7,825
31,850
77,100
4,386.25 +
25%
31,850
77,100
160,850
15,698.75 +
28%
77,100
160,850
349,700
39,148.75 +
33%
160,850
349,700
101,469.25 +
35%
349,700
Schedule Y-1: if your filing status is
Married filing jointly or Qualifying widow(er)If your taxable income is:
Over
But not over
The tax is:
of the amount over
$0
$15,650
--
10%
$0
15,650
63,700
$1,565.00 +
15%
15,650
63,700
128,500
8,772.50 +
25%
63,700
128,500
195,850
24,972.50 +
28%
128,500
195,850
349,700
43,830.50 +
33%
195,850
349,700
94,061.00 +
35%
349,700
Schedule Y-2: if your filing status is Married filing separately
If your taxable income is:
Over
But not over
The tax is:
of the amount over
$0
$7,825
--
10%
$0
7,825
31,850
$782.50 +
15%
7,825
31,850
64,250
4,386.25 +
25%
31,850
64,250
97,925
12,486.25 +
28%
64,250
97,925
174,850
21,915.25 +
33%
97,925
174,850
47,300.50 +
35%
174,850
Schedule Z: if your filing status is Head of household
If your taxable income is:
Over
But not over
The tax is:
of the amount over
$0
11,200
--
10%
$0
11,200
42,650
$1,1120.00 +
15%
11,200
42,650
110,100
5,837.50 +
25%
42,650
110,100
178,350
22,700.00 +
28%
110,100
178,350
349,700
41,810.00 +
33%
178,350
349,700
98,355.50 +
35%
349,700
The information provided in this "Quick Tax Facts" section is intended as a general guideline only. For the most detailed and up-to-date information, contact us at 518-783-7200, or visit www.irs.gov.
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