1998 Tax Rate Schedules
Below are the tax rate schedules. By using the appropriate Schedule for your IRS filing status; i.e. Single, Married Filing Jointly or Qualifying Widow(er), Married Filing Separately, or Head of Household; you can determine your tax bracket. The tax brackets are adjusted each tax year for inflation. If the inflation rate in 1999 is 5% the 15% bracket for 2000 will be increased by 5% -  rounded down to the nearest $50. Your tax bracket is the amount of tax that you pay the IRS on your "top dollar" of income. The actual tax rate that you pay the IRS on your taxable income below your "top dollar" is less because the tax rates are graduated and because they are applied to you taxable income after tax deductions and tax exemptions. You  may also be entitled to tax credits which you subtract directly from your tax liability on your IRS tax return.

Determine your taxable income from IRS tax form 1040 Line 39 and in the far left column of the appropriate Schedule for your filing status locate your income bracket. The percentage figure in the fourth column to the right  titled "This is your tax bracket" shows your tax bracket.

CAUTION: You should only use the Schedules below to determine your tax due the IRS if your taxable income (IRS tax form 1040, line 39) is $100,000 or more. Even though you cannot use the tax rate schedules below if your taxable income is less than $100,000, all levels of taxable income are shown so you can see what your tax bracket is.

Schedule X - Use if your filing status is Single

If the amount on
Form 1040,
line 39, is:
Over ---



But not
over ---
Enter on
Form 1040,
line 40

This is your tax bracket
of the
amount
over ---
Plus
$0 $25,350 .........

15%

 $0
$25,350 $61,400 $3,802.50

28%

 $25,350
$61,400 $128,100 $13,896.50 31% $61,400
$128,100 $278,450 $34,573.50 36% $128,100
$278,450 $88,699.50 39.6% $278,450

Schedule Y-1 - Use if your filing status is
Married Filing Jointly or Qualifying Widow(er)

If the amount on
Form 1040,
line 39, is:
Over ---



But not
over ---
Enter on
Form 1040,
line 40

This is your tax bracket
of the
amount
over ---
Plus
$0 $42,350 .......

15%

 $0
$42,350 $102,300 $6,352.50

28%

 $42,350
$102,300 $155,950 $23,138.50

31%

 $102,300
$155,950 $278,450 $39,770.00

36%

 $155,950
$278,450 $83,870.00

39.6%

 $278,450

Schedule Y- 2 - Use if your filing status is
Married Filing Separately

If the amount on
Form 1040,
line 39, is:
Over ---



But not
over ---
Enter on
Form 1040,
line 40

This is your tax bracket
of the
amount
over ---
Plus
$0 $21,175 .........

15%

 $0
$21,175 $51,150 $3,176.25

28%

 $21,175
$51,150 $77,975 $11,569.25

31%

 $51,150
$77,975 $139,225 $19,885.00

36%

 $77,975
$139,225 $41,935.00

39.6%

 $139,225

Schedule Z - Use if your filing status is
Head of Household

If the amount on
Form 1040,
line 39, is:
Over ---



But not
over ---
Enter on
Form 1040,
line 40

This is your tax bracket
of the
amount
over ---
Plus
$0 $33,950 .........

15%

 $0
$33,950 $87,700 $5,092.50

28%

 $33,950
$87,700 $142,000 $20,142.50

31%

 $87,700
$142,000 $278,450 $36,975.50

36%

$142,000
$278,450 $86,097.50

39.6%

 $278,450