2012 Tax Brackets

2012 Tax Brackets December 22, 2011

The projected 2012 tax brackets have been calculated and shared by the Tax Foundation. The 2012 tax figures were calculated and adjusted based on the CPI-U (consumer price index for urban consumers). Since the inflation rate for the period September 2012 through August 2011 was 2.43%, that figure was used to figure the 2012 tax brackets.

Here are the 2012 tax brackets as well as the 2012 standard deduction.

Standard Deduction Increase:

• For Singles: $5,950 (up $150 from 2011)

• For Married Filing Jointly: $11,900 (up $300 from 2011)

• Heads of Household: $8,700 (up $200 from 2011)

Table 2

Key Tax Parameter Amounts for 2012

Tax Parameter 2011 Amount 2012 Amount
Standard Deduction
For singles $5,800 $5,950
For married filing jointly $11,600 $11,900
For heads of households $8,500 $8,700
For married filing separately $5,800 $5,950
Personal Exemption $3,700 $3,800
Tax Bracket Thresholds for Single Filers
10% rate $0 $0
15% rate $8,500 $8,700
25% rate $34,500 $35,350
28% rate $83,600 $85,650
33% rate $174,400 $178,650
35% rate $379,150 $388,350
Tax Bracket Thresholds for Heads of Households
10% rate $0 $0
15% rate $12,150 $12,400
25% rate $46,250 $47,350
28% rate $119,400 $122,300
33% rate $193,350 $198,050
35% rate $379,150 $388,350
Tax Bracket Thresholds for Married Filing Jointly
10% rate $0 $0
15% rate $17,000 $17,400
25% rate $69,000 $70,700
28% rate $139,350 $142,700
33% rate $212,300 $217,450
35% rate $379,150 $388,350
Tax Bracket Thresholds for Married Filing Separately
10% rate $0 $0
15% rate $8,500 $8,700
25% rate $34,500 $35,350
28% rate $69,675 $71,350
33% rate $106,150 $108,725
35% rate $189,575 $194,175
Source: Tax Foundation calculations using BLS CPI-U Data

 

"What if you aren't a christian, will they still cover you if you adhere to ..."

Our Medi-Share Review [for 2018]
"Why call the debt good? There is no good debt except the continuing debt to ..."

Is There Such a Thing as ..."
""We give so that others might hear the Gospel and find the same hope that ..."

16 Fundamental Truths of Personal Finance
"Number one, see now the banks like it when the justice system is used against ..."

How to Steal a House: 25 ..."

Browse Our Archives

Follow Us!


TRENDING AT PATHEOS Evangelical
What Are Your Thoughts?leave a comment
  • Hi Tim, this is my first time her on Faith and Finance. Nice looking blog.

    Thanks for sharing this information on the Tax brackets for next year. Do you know how the tax cuts agreement reached in Washington will affect the numbers above? Have those tax cuts already been taken into consideration in the figures above.?

    I know you did the research to get the inflation rate in the figure above and I am sure thats what is being posted out there but there is no way that inflation decreased in real values, perhaps in nominal terms with the massive printing of dollars under this current administration but I’ve seen the prices of too many goods and services go up to high to believe they are only 2.43% more expensive than they were last year.

  • Helpful brackets to have on hand! Thanks. Keep up the good work. Hope you have a very Merry Christmas…keep Christ first!

  • A good info for tax planning purposes. I guess it good that it did not change too much from 2011. I hope for the days when we have to pay little taxes.

  • Don’t you think it’s funny as a married couple, it’s not $776,000 for the top, and stays at the SAME for singles? Is one spouse not supposed to work?

    • Tim

      Interesting point FS. I don’t like these tax brackets at all, so I think all of it’s funny. :) I think that if limits are raised for the wealthy, complaints will be made about it being unfair that the rich get a tax break.

  • Pingback: Monthly Article Roundup and Carnival List()

  • Pingback: Monthly Article Roundup and Carnival List()

  • Pingback: Last-Minute Blogging | Entreprelife()

  • Pingback: Last-Minute Blogging | Entreprelife()

  • Pingback: States With No Income Tax()

  • Pingback: States With No Income Tax()

  • At least one positive from the 2012 tax brackets is that most of us will get a tax cut, thanks to the increase in tax bracket ranges. A little good in these tough financial times.

    PS: Great blog you have here, and adding you to my reader.

  • At least one positive from the 2012 tax brackets is that most of us will get a tax cut, thanks to the increase in tax bracket ranges. A little good in these tough financial times.

    PS: Great blog you have here, and adding you to my reader.

  • Pingback: When Can I File My Taxes?()

  • Pingback: Filing Income Taxes for a Side Income()

  • Pingback: Filing Income Taxes for a Side Income()

  • Pingback: When Can I File My Taxes in 2013?()

  • Pingback: When Can I File My Taxes in 2013?()