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These tax tables are designed for married individuals filing their 2012 income tax return, and represent significant changes from Tax Year 2011. These tables were effective January 1, 2012, and could also be used for qualifying widows and widowers. These rates do not take into account any credits, such as the standard deduction, mortgage deductions, etc.
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The Kerry's Estimated Taxes for 2012
Assuming Kyle and Kendra made the same amount from the previous year, their 2012 tax bill dropped by $313.50, using the 2011 income tax brackets for joint married taxpayers.
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