2014 Marginal Tax Brackets

Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes. Below are the four individual tax rate schedules for 2014:

Individual Tax Rate Schedules for 2014
Filing Status Taxable Income ($) Marginal Tax Bracket Rate (%)
Married Filing Jointly 0 to 18,150 10
18,151 to 73,800 15
73,801 to 148,850 25
148,851 to 226,850 28
226,851 to 405,100 33
405,101 to 457,600 35
457,601 and higher 39.6
Head of Household 0 to 12,950 10
12,951 to 49,400 15
49,401 to 127,550 25
127,551 to 206,600 28
206,601 to 405,100 33
405,101 to 432,200 35
432,201 and higher 39.6
Single 0 to 9,075 10
9,073 to 36,900 15
36,901 to 89,350 25
89,351 to 186,350 28
186,351 to 405,100 33
405,101 to 406,750 35
406,751 and higher 39.6
Married Filing Separately 0 to 9,075 10
9,076 to 36,900 15
36,901 to 74,425 25
41,426 to 113,425 28
113,426 to 202,550 33
202,551 to 228,800 35
228,801 and higher 39.6
Tax-Exempt and Taxable Yields Compared*
Tax-Exempt Yield (%) Taxable Equivalent Yield (%) for Tax Rate of:
15% Tax Bracket 25% Tax Bracket 28% Tax Bracket 33% Tax Bracket 35% Tax Bracket 39.6% Tax Bracket
2.0 2.35 2.66 2.77 2.98 3.08 3.31
2.5 2.94 3.33 3.47 3.73 3.85 4.14
3.0 3.53 4.00 4.17 4.48 4.62 4.97
3.5 4.18 4.66 4.86 5.22 5.38 5.79
4.0 4.71 5.33 5.55 5.97 6.15 6.62
4.5 5.29 6.00 6.25 6.71 6.92 7.45
5.0 5.88 6.66 6.94 7.46 7.69 8.28
5.5 6.47 7.33 7.63 8.20 8.46 9.11
6.0 7.06 8.00 8.33 8.95 9.23 9.93
6.5 7.65 8.66 9.02 9.70 10.00 10.76
7.0 8.24 9.33 9.72 10.44 10.77 11.59
*Federal income tax rates only. Does not include state income tax.

If you cannot find a specific rate on the chart you can compare yields by using the following formula:

Taxable equivalent yield = tax-free yield ÷ (100% - marginal tax bracket %)

Example: Assume you are in the 25% tax bracket, and have an account with a 4.5% tax-free yield. To get the equivalent taxable yield, divide 4.5% by 75% (100% - 25%). The taxable yield is 6.%.


  1. Rutgers
  2. Executive Dean of Agriculture and Natural Resources
  3. School of Environmental and Biological Sciences