IRS corrects 2013 tax tables in revenue procedure

BY SALLY P. SCHREIBER, J.D.

On Tuesday, the IRS announced corrections to two of the 2013 tax tables it issued on Jan. 11 in Rev. Proc. 2013-15. The corrections, as incorporated into the revised revenue procedure, are to Tables 1 and 2 of the tax rate tables in Rev. Proc. 2013-15, Section 2.01. In Table 1, Married Individuals Filing Joint Returns and Surviving Spouses, the sixth entry in the “The Tax Is:” column was corrected to read “$107,768.50 plus 35% of the excess over $398,350.” Originally, it read “$107,768.00 plus 35% of the excess over $398,350.”    

In Table 2, Head of Households, the seventh entry in the “The Tax Is:” column was corrected to read “$121,364.50 plus 39.6% of the excess over $425,000.” Originally, it read “$121,394.50 plus 39.6% of the excess over $425,000.”

Sally P. Schreiber ( sschreiber@aicpa.org ) is a JofA senior editor.

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