What are Tax Tables?
When you have a taxable income of $100,000 US Dollars (USD) or less, you are often required in state and federal tax documents to look up the tax you should pay on this amount. These tax tables help you figure out exactly what you owe, and can then be compared to what you paid. For income tax returns, tax tables organize tax amounts by tax bracket and total income, and also use the top of the table to look up your tax based on what kind of taxpayer you are. If you’re married filling a joint return, your taxes may be lower or higher than if you are single, married filing separate returns, or a head of household. So you have to be sure to match the top filing status with your income. Tax tables may unduly alarm people new to filing their income taxes because they look up their taxes before figuring their taxable income. This is a quick road to panic and despair, since the number of deductions you can take will frequently change your taxable income amount. If you follow directions on form
