Federal Income Tax Rates for the Year 2004

Below are the federal income tax rates for personal income for the year 2004.

Capital gains are taxed at different tax rates. Capital gains tax rates are lower than ordinary income tax rates, and are calculated separately.

Note: To compute the actual income tax, you will need to use the following forms and instructions from the Internal Revenue Service:

 

2004 Tax Rates

Tax RateSingleHead of HouseholdMarried Filing SeparatelyMarried Filing Jointly & Qualifying Widow or Widower
Ordinary IncomeLong Term Capital Gains & Qualified DividendsTaxable Income overtoTaxable Income overtoTaxable Income overtoTaxable Income overto
10%5%$0$7,150$0$10,200$0$7,150$0$14,300
15%5%7,15029,05010,20038,9007,15029,05014,30058,100
25%15%29,05070,35038,900100,50029,05058,62558,100117,250
28%15%70,350146,750100,500162,70058,62589,325117,250178,650
33%15%146,750319,100162,700319,10089,325159,550178,650319,100
35%15%319,100--319,100--159,550--319,100--

 

Tax Rate Charts Separated by Filing Status

 

2004 Ordinary Tax Rates for Single Filing Status
[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
If taxable income isabcdefg
overbut not overTaxable incomeMinusSubtract (b) from (a)Multiplication amountMultiply (c) by (d)Additional AmountAdd (e) and (f)
$0$7,150 $0 × 10% $0 
7,15029,050 7,150 × 15% 715.00 
29,05070,350 29,050 × 25% 4,000.00 
70,350146,750 70,350 × 28% 14,325.00 
146,750319,100 146,750 × 33% 35,717.00 
319,100-- 319,100 × 35% 92,592.50 

 

2004 Ordinary Tax Rates for Head of Household Filing Status
[Tax Rate Schedule Z, Internal Revenue Code section 1(b)]
If taxable income isabcdefg
overbut not overTaxable incomeMinusSubtract (b) from (a)Multiplication amountMultiply (c) by (d)Additional AmountAdd (e) and (f)
$0$10,200 $0 × 10% $0 
10,20038,900 10,200 × 15% 1,020 
38,900100,500 38,900 × 25% 5,325.00 
100,500162,700 100,500 × 28% 20,725.00 
162,700319,100 162,700 × 33% 38,141.00 
319,100-- 319,100 × 35% 89,753.00 

 

2004 Ordinary Tax Rates for Married Filing Separately Filing Status
[Tax Rate Schedule Y-2, Internal Revenue Code section 1(d)]
If taxable income isabcdefg
overbut not overTaxable incomeMinusSubtract (b) from (a)Multiplication amountMultiply (c) by (d)Additional AmountAdd (e) and (f)
$0$7,150 $0 × 10% $0 
7,15029,050 7,150 × 15% 715.00 
29,05058,625 29,050 × 25% 4,000.00 
58,62589,325 58,625 × 28% 11,393.75 
89,325159,550 89,325 × 33% 19,989.75 
159,550-- 159,550 × 35% 43,164.00 

 

2004 Ordinary Tax Rates for Married Filing Jointly and Qualifying Widow or Widower Filing Status
[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
If taxable income isabcdefg
overbut not overTaxable incomeMinusSubtract (b) from (a)Multiplication amountMultiply (c) by (d)Additional AmountAdd (e) and (f)
$0$14,300 $0 × 10% $0 
14,30058,100 14,300 × 15% 1,430.00 
58,100117,250 58,100 × 25% 8,000.00 
117,250178,650 117,250 × 28% 22,787.50 
178,650319,100 178,650 × 33% 39,979.50 
319,100-- 319,100 × 35% 86,328.00 

 

Source: IRS.gov, Revenue Procedure 2003-85, pdf.