Only Clyde Finds the Best Card
Based on How You Spend.

Tax Schedules and What They Mean

Tax schedules allow you to see what your applicable tax rate is and are used for certain circumstances in the IRS 1040 form as well.
By: Kishan Patel
See Top Credit Cards by Category:
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

A tax schedule is a sheet that taxpayers use to determine their applicable taxes. This sheet allows you to determine your tax rates through your income and situation. 

What are the different types of tax schedules?

There are four overarching tax schedules based on your marital status:

  1. Schedule X for those who are single
  2. Schedule Y-1 for married couples filing jointly or for qualifying widows
  3. Schedule Y-2 is for married couples filing separately
  4. Schedule Z is for those filing as head of household

Within these tax schedules, you are shown income and the relevant tax rate to be paid. The income ranges and tax rates change each year, based on the level of inflation and the cost of living in the country. 

Other types of tax schedules:

There are also various tax schedules in relation to the IRS 1040 form. These tax schedules include schedule A for itemized deductions, schedule B for income of interest and dividends, schedule C for self-employment, schedule D for capital gains and losses, schedule EIC for earned income tax credit, and SE for self-employment tax credit. These tax schedules are filled out on top of your tax returns when you qualify for the aforementioned circumstances. 

To find the complete list of tax schedules, head on over to this website:  www.irs.gov.



Free Forever

Clyde is an always-free service. We’re passionate about financial transparency and strive to get you the most for your money.

100% Secure

We are serious about security. We encrypt all the data you share with us to ensure your experience is both easy and safe.