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New Tax Brackets for 2007

By
Mortgage and Lending with GMH Mortgage and Century 21 Adams Realty

Good afternoon,

Below you will find the 2007-2003 tax bracket thresholds for Single, Married/Jointly/Married/Separately, and Head of Household.  As a trusted advisor to my customers, I find this information to be instrumental in helping to determine the best financial strategy for my clients unique situations. This is also extremely handy in offering my clients an estimation of the tax benefits of homeownership as well.  

In an ever competitive industry such as ours we need to separate ourselves from the competition out there and I have found this to be a very useful tool in doing so.

Best regards,

Michael-

 

 

 

As always please contact your tax specialist as these numbers are for informational purposes only.

 

Tax Bracket Thresholds (2007)

Bracket

Single

Head of Household

Married/Joint

Married/Separate

10%

0

0

0

0

15%

7,825

11,200

15,650

7,825

25%

31,850

42,650

63,700

31,850

28%

77,100

110,100

128,500

64,250

33%

160,850

178,350

195,850

97,925

35%

349,700

349,700

349,700

174,850

 

 

Tax Bracket Thresholds (2006)

Bracket

Single

Head of Household

Married/Joint

Married/Separate

10%

0

0

0

0

15%

7,550

10,750

15,100

7,550

25%

30,650

41,050

61,300

30,650

28%

74,200

106,000

123,700

61,850

33%

154,800

171,650

188,450

94,225

35%

336,550

336,550

336,550

168,275

 

 

Tax Bracket Thresholds (2005)

Bracket

Single

Head of Household

Married/Joint

Married/Separate

10%

0

0

0

0

15%

7,300

10,450

14,600

7,300

25%

29,700

39,800

59,400

29,700

28%

71,950

102,800

119,950

59,975

33%

150,150

166,450

182,800

91,400

35%

326,450

326,450

326,450

163,225

 

 

 

 

 

 

Tax Bracket Thresholds (2004)

Bracket

Single

Head of Household

Married/Joint

Married/Separate

10%

0

0

0

0

15%

7,151

10,201

14,301

7,150

25%

29,051

38,901

58,101

29,051

28%

70,351

100,501

117,251

58,626

33%

146,751

162,701

178,651

89,326

35%

319,101

319,101

319,101

159,551

 

 

 

 

 

 

Tax Bracket Thresholds (2003)

Bracket

Single

Head of Household

Married/Joint

Married/Separate

10%

0

0

0

0

15%

7,001

10,001

14,001

7,001

25%

28,401

38,051

56,801

28,401

28%

68,801

98,251

114,651

57,326

33%

143,501

159,101

174,701

87,351

35%

311,951

311,951

311,951

155,976

 

 

 

 

 

 

 

Show All Comments Sort:
Nicolette Ceballos, Fountain Valley Now Serving all of California
Bilingual Escrow Officer - Fountain Valley, CA
Thank you for the information...This is always good to know.
May 11, 2007 03:56 AM
Michael Savas
GMH Mortgage and Century 21 Adams Realty - Belmont, MA
My Pleasure Nicolette.  Have a great day.
May 11, 2007 04:00 AM
Nancy Siau
The Lachicotte Company An Exclusive Affiliate of Christie's - Pawleys Island, SC
Selling Coastal SC

Thanks so much for the info.  It helps to keep these figures in mind.

May 11, 2007 11:45 AM