Tag: income tax rates

Income tax rates can vary and change from year to year. Learn here the income tax rates for the current tax year and prior tax years.

Posts Tagged ‘income tax rates’

Tax Reform: Tax Tips for Lowering Rates for 2018 Taxes!

Posted by Manisha Hansraj on March 2, 2018
Last modified: March 2, 2018

tax reform
Be ready for the new tax reform.

Get your to do list out and take some action to reduce your 2018 taxes now! Although taxpayers might be hurriedly finishing their 2017 tax returns before the e-file deadline, some tax deductions will not be there for the next tax season due to the Tax Cuts and Jobs Act. (TCJA) Ultimately, the design of the new tax reform is to lower taxes for individuals of all income groups until 2025. Bear in mind that along with that idea, many individuals who itemize their deductions are worried about the tax turmoil they’ll face when filing with each capped or eliminated deduction.

Did you know that can take steps in 2018 to decrease your taxes for next tax season? Here’s a few tax tips for you.

Rack up your medical receipts.


The 2014 Tax Tables

Posted by Robert Flanagan on February 24, 2015
Last modified: October 6, 2016

Find your 2014 Tax Rate with the 2014 Tax Tables!

Have you filed your 2014 Tax Return yet?

If you’ve already filed, congratulations! If not, you may be wondering what the 2014 tax rates are.

Here at RapidTax, we’ve designed  the 2014 tax tables just for you. In fact, you can save these tax tables to your computer and refer back to the tax rates as needed.

Keep in mind that these tax tables are based on your filing status and total income earned throughout the year. You’ll need to know each in order to find your 2014 tax rate.


Do I Pay State Taxes If I Live in Texas but Work in a Different State?

Posted by Emma Lawrence on December 3, 2013
Last modified: March 21, 2017

Living in a tax-free state doesn’t mean you aren’t responsible for income taxes if you work in a bordering state.

Texas is an income tax-free state. Fantastic, right? It is for residents of Texas who both live and work in the state. For those that live in Texas but work in bordering states such as Louisiana, New Mexico or Oklahoma, there is an income tax to pay.

If you live in Texas but work in a different state, it’s best to learn the income tax details of the state you work in and the importance of  filing a non-resident return for that state.

I Live in Texas but Work in Louisiana

If you work in Texas but travel to Louisiana for work, you will need to file a non-resident state return for Louisiana reporting all income earned from Louisiana sources.

Personal Louisiana Income Tax Rate:

Single Taxpayers:

  • 2% on the first $12,500 of taxable income
  • 4% on taxable income between $12,501 and $50,000 (more…)

2013 Income Tax Rates

Posted by Robert Flanagan on February 19, 2013
Last modified: March 22, 2017

Here’s the individual income tax rates for 2013

If you still need to file your 2013 taxes, you may need a reminder of the 2013 income tax rates. These rates will play a major role in how much your 2013 tax refund or tax due total will be.

2013 Income Tax Rate Table

The 2013 tax rates for the bottom six brackets remain unchanged from 2012. The biggest change is the addition of a new rate of 39.6% for individuals with incomes above $400,000 and married couples filing jointly with incomes above $450,000. (more…)

2012 Tax Brackets

Posted by Robert Flanagan on November 21, 2011
Last modified: October 6, 2016

The IRS gives us a sneak peak of new federal income tax brackets for the year 2012

Fall is an exciting time of year for the tax obsessed because we get our first glimpse at the 2012 tax brackets! That’s right – it’s not even time to file our 2011 taxes and already we get a sneak peak of what lies beyond.

Last year the unveiling of the federal income tax brackets was a bit more exciting because of the raging Congressional battle over the extension of the Bush tax cuts. As late as December, it was still unclear what the brackets and rates would look like for 2011.

This year, on the other hand, it’s been pretty standard, even if the expiration of the cuts in 2012 promises some tax fireworks next year. (more…)

One Tax Falls $50B Short, but a New $500B Tax is On The Way

Posted by Robert Flanagan on June 13, 2009
Last modified: October 6, 2016

Two big, related stories today: