Tax Data for Joint Filers
2005 2004
10% income tax bracket (based on taxable income) $0 - $14,600 $0 - $14,300
15% income tax bracket (based on taxable income) $14,601 $14,301 - $58,100
Beginning of 25% bracket $59,401 $58,101
Beginning of 28% bracket $119,951 $117,251
Beginning of 33% bracket $182,801 $178,651
Beginning of 35% bracket $326,451 $319,101
Standard deduction $10,000 $9,700
Beginning/ending of personal exemption phaseout range (based on AGI) $218,950 / $341,450 $214,050 / $336,550
Beginning of phaseout range for $1000 dependant child credit eligibility (based on AGI) $110,000 $110,000
Phaseout range for education tax credit eligibility (based on AGI) $87,000 - $107,000 $85,000 - $105,000
Phaseout range for college loan interest deduction eligibility (based on AGI) $105,000 - $135,000 $100,000 - $130,000
Maximum AGI to be eligible for Roth IRA conversion $100,000 $100,000
Phaseout range for Roth IRA contribution eligibility (based on AGI) $150,000 - $160,000 $150,000 - $160,000
Phaseout range for Coverdell Education Savings Account contribution eligibility (based on AGI) $190,000 - $220,000 $190,000 - $220,000