According to Timothy Speiss at Eisner Amper, accountants and tax advisors, all of the individual marginal tax rates in effect in 2012 stay the same in 2013 – 10%, 15%, 25%, 28%, 33% and 35%. A new top rate of 39.6% however, will be imposed on taxable income over $400,000 for single filers, $425,000 for head-of-household filers and $450,000 for married taxpayers filing jointly – $225,000 for each married spouse filing separately. Taxable trusts will also be subject to a top tax rate of 39.6%.

If you have self-employment income, a very marginal new Medicare tax of 0.9% will be applied to income over the FICA threshold of $110,100.

Read Eisner Amper’s summary of the American Tax Payer Relief Act of 2012.

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