2012 Tax Brackets

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