Tables for Estimated Taxes Worksheet

Rev. Proc. 2004-71 I.R.B. 2004-50 (November 19,2004)

 

2005 Standard Deduction (line19)

Filing Status:

 

 

Single

 

$ 5,000

Married filing jointly or qualifying widow or widower

 

$ 10,000

Married filing separately

 

$ 5,000

Head of Household

 

$ 7,300

 

2005 Personal Exemption (line 18)

 

 

Per person

$ 3,200

 

2005 Federal Tax Table (line 23)

 

If 2005 taxable income (line 22) is:                                The tax is:

 

Single Individuals:

Not over $7,300....................................................................... 10% of taxable income

Over $7,300 but not over $29,700................................ $730 plus 15% of the excess over $7,300

Over $29,700 but not over $71,950............................. $4,090 plus 25% of the excess over $29,700

Married filing joint returns:

Not over $14,600..................................................................... 10% of taxable income

Over $14,600 but not over $59,400............................. $1,460 plus 15% of the excess over $14,600

Over $59,400 but not over $119,950........................... $8,180 plus 25% of the excess over $59,400

Married filing separate returns:

Not over $7,300....................................................................... 10% of taxable income

Over $7,300 but not over $29,700................................ $730 plus 15% of the excess over $7,300

Over $29,700 but not over $59,975............................. $4,090 plus 25% of the excess over $29,700

Head of Household:

Not over $10,450..................................................................... 10% of taxable income

Over $10,450 but not over $39,800............................. $1,045 plus 15% of the excess over $10,450

Over $39,800 but not over $102,800........................... $5,447.50 plus 25% of the excess over $39,800

 

2005 Quarterly Payment (line 28 divided by remaining quarters)

Period:

Due:

Amount (fill-in)

Jan 1—Mar 31

4/15/2005

     $

Apr 1—Jun 30

6/15/2005

     $

Jul 1—Sep 30

9/15/2005

     $

Oct 1—Dec 31

1/17/2006

     $