| 2009 Tax Rates
Schedule X - Single |
| If taxable income is over -- | But Not Over -- | The Tax is: |
| $0 | $8,350 | 10% of the taxable amount |
| $8,350 | $33,950 | $835 plus 15% of the amount over $8,350 |
| $33,950 | $82,250 |
$4,675 plus 25% of the amount over $33,950 |
| $82,250 | $171,550 | $16,750 plus 28% of the amount over $82,250 |
| $171,550 | $372,950 | $41,754 plus 33% of the amount over $171,550 |
| $372,950 |
no limit |
$108,216 plus 35% of the amount over $372,950 |
| 2009 Tax Rates
Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
| If taxable income is over -- | But Not Over -- | The Tax is: |
| $0 | $16,700 | 10% of the taxable amount |
| $16,700 | $67,900 | $1,670 plus 15% of the amount over $16,700 |
| $67,900 | $137,050 | $9,350 plus 25% of the amount over $67,900 |
| $137,050 | $208,850 | $26,637.50 plus 28% of the amount over $137,050 |
| $208,850 | $372,950 |
$46,741.50 plus 33% of the amount over $208,850 |
| $372,950 |
no limit |
$100,894.50 plus 35% of the amount over $372,950 |
| 2009 Tax Rates Schedule Y-2 - Married Filing Separately |
| If taxable income is over -- | But Not Over -- | The Tax is: |
| $0 | $8,350 | 10% of the taxable amount |
| $8,350 | $33,950 | $835 plus 15% of the amount over $8,350 |
| $33,950 | $68,525 | $4,675 plus 25% of the amount over $33,950 |
| $68,525 | $104,425 | $13,318.75 plus 28% of the amount over $68,525 |
| $104,425 | $186,475 | $23,370.75 plus 33% of the amount over $104,425 |
| $186,475 | no limit | $50,447.25 plus 35% of the amount over $186,475 |
|
2009 Tax Rates
Schedule Z - Head of Household
|
| If taxable income is over -- | But Not Over -- | The Tax is: |
| $0 |
$11,950 |
10% of the taxable amount |
| $11,950 |
$45,500 |
$1,195.00 plus 15% of the amount over $11,950 |
| $45,500 |
$117,450 |
$6,227.50 plus 25% of the amount over $45,500 |
| $117,450 |
$190,200 |
$24,215 plus 28% of the amount over $117,450 |
| $190,200 |
$372,950 |
$44,585 plus 33% of the amount over $190,200 |
| $372,950 |
no limit |
$104,892 plus 35% of the amount over $372,950 |
| Miscellaneous 2009 Tax Rates |
| Personal Exemption | $3,650 |
| Business Equipment Expense 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 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 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 |
