Tax Computation Table Law and Legal Definition
Tax computation table is a table prepared by the Internal Revenue Service (IRS) for the use of taxpayers. It shows the amount of income tax to be paid on taxable income according to the amount of income and the type of return as a single return, joint return of husband and wife, or a return made by a taxpayer as head of a household. A tax table may state a dollar amount, a percentage, or a combination in order to determine the tax liability of a taxpayer. The IRS publishes a tax table every year to assist persons earning less than $100,000 per year to determine their tax liability.
