|
| 2009 Tax Rates - Single Taxpayers - Standard Deduction $5,700 |
2008 Rates |
|
| 10% |
0 to $8,350 |
| 15% |
$8,350 to $33,950 |
| 25% |
$33,950 to $82,250 |
| 28% |
$82,250 to $171,550 |
| 33% |
$171,550 to $372,950 |
| 35% |
Over $372,950 |
| 2009 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,400 |
| 10% |
0 to $16,700 |
| 15% |
$16,700 to $67,900 |
| 25% |
$67,900 to $137,050 |
| 28% |
$137,050 to $208,850 |
| 33% |
$208,850 to $372,950 |
| 35% |
Over $372,950 |
| 2009 Tax Rates - Married Filing Separately - Standard Deduction $5,700 |
| 10% |
0 to $8,350 |
| 15% |
$8,350 to $33,950 |
| 25% |
$33,950 to $68,525 |
| 28% |
$68,525 to $104,425 |
| 33% |
$104,425 to $186,475 |
| 35% |
Over $186,475 |
| 2009 Tax Rates - Head of Household - Standard Deduction $8,350 |
| 10% |
1 to $11,950 |
| 15% |
$11,950 to $45,500 |
| 25% |
$45,500 to $117,450 |
| 28% |
$117,450 to $190,200 |
| 33% |
$190,200 to $372,950 |
| 35% |
Over $372,950 |
| 2009 Tax Rates - Estates & Trusts |
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,350 |
| 28% |
$5,350 to $8,200 |
| 33% |
$8,200 to $11,150 |
| 35% |
Over $11,150 |
| Social Security |
2009 Tax Rates |
| Base Salary |
$106,800 |
| Social Security Tax Rate |
6.2% |
| Maximum Social Security Tax |
$6,621.60 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
| Miscellaneous |
2009 Tax Rates |
| Personal Exemption |
$3,650 |
| Business equipment expensing deduction |
$250,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2008 tax liability |
| Standard mileage rate for business driving |
55 cents |
| Standard mileage rate for medical/moving driving |
24 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older |
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$3,500,000 |
| Annual Exclusion for Gifts |
$13,000 |
| Education |
2009 Tax Rates |
| Hope Credit |
$1,800 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
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