Are you properly prepared for you taxes based on your tax
bracket? There is still time to change
your withholding's should you wish to lower your tax bill. Go to my website accounting4truckers.net and
get some free advice. The 2012 breakdown is listed below:
Gross Earnings Single Married Head of Household
| 10% Bracket | $0 – $8,700 | $0 – $17,400 | $0 – $12,400 | |
| 15% Bracket | $8,701 – $35,350 | $17,401 – $70,700 | $12,401 – $47,350 | |
| 25% Bracket | $35,351 – $85,650 | $70,701 – $142,700 | $47,351 – $122,300 | |
| 28% Bracket | $85,651 – $178,650 | $142,701 – $217,450 | $122,301 – $198,050 | |
| 33% Bracket | $178,651 – $388,350 | $217,451 – $388,350 | $198,051 – $388,350 | |
| 35% Bracket | $388,350+ | $388,350+ | $388,350+ |
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