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How Many Tax Brackets Are There?

by Lucy Lazarony

How Many Tax Brackets Are There

For tax year 2014, there are seven major tax brackets –10%, 15%, 25%, 28%, 33%, 35% and 39.6% — and how much you pay in taxes depends on your income and whether you are single, married or the head of your own household.

To file as head of household, you must be single on the last day of the year, have paid more than half the cost of keeping up a home for a year and a qualifying person, such as a son or daughter, has lived with you in your home for more than half a year, according to the IRS.

Married couples have a choice of whether or not they want to file their taxes jointly or separately.

If your income for 2014 pushes you into a higher tax bracket, you may want to look at deductions that will help you lower your taxable income and keep you in a lower tax rate.

Below are the 2014 tax brackets for taxes due on April 15, 2015. Thinking about your 2014 taxes already? The Tax Foundation offers a sneak peek of what you’ll pay.

Tax Brackets for Singles

For single filers, the 2014 tax brackets are:

  • 10% – up to $9,075
  • 15% – $9.075 to $36,900
  • 25% – $36,901 to $89,350
  • 28% – $89,351 to $186,350
  • 33% – $186,351 to $405,100
  • 35% – $405,101 to $406,750
  • 39.6% – more than $406,751

Tax Brackets for Married Joint Filers

For married couples who file their taxes jointly, the 2014 tax brackets are:

  • 10% – up to $18,150
  • 15% – $18,151 to $73,800
  • 25% – $73,801 to $148,850
  • 28% – $148,851 to $226,850
  • 33% – $226,851 to $405,100
  • 35% – $405,101 to $457,600
  • 39.6% – more than $457,601

Tax Brackets for Married but Filing Separately

For married couples who choose to file their taxes separately, the 2014 tax brackets are:

  • 10% – up to $9,075
  • 15% – $9,076 to $36,900
  • 25% – $36,901 to $74,425
  • 28% – $74,426 to $113,425
  • 33% – $113,426 to $202,550
  • 35% – $202,551 to $228,800
  • 39.6% – more than $228,801

Tax Brackets for Head of Household

If you were single and the head of your household at the end of the year, your 2014 tax brackets are:

  • 10% – up to $12,950
  • 15% – $12,951 to $49,400
  • 25% – $49,401 to $127,550
  • 28% – $127,551 to $ 206,600
  • 33% – $206,601 to $405,100
  • 35% – $405,101 to $432,200
  • 39.6% – more than $432,201

Updated on January 23, 2015



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  • Meet Our Expert

    lucy_lazarony GravatarLucy Lazarony is a freelance personal finance writer. Her articles have been featured on Bankrate, MoneyRates, MSN Money, and The National Endowment for Financial Education. Prior to freelancing, she worked as a staff writer for Bankrate for seven years. She earned a bachelor's degree in journalism from the University of Florida and spent a summer as an international intern at Richmond, The American International University in London. She lives in South Florida.
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