Tax Center

Due Dates   |   Retention Guide   |   Tax Rates

2009 Tax Rates

2009 Tax Rates Schedule X - Single

If taxable income is over But Not Over The Tax is:
$0
$8,350
$33,950
$82,250
$171,550
$372,950
$8,350
$33,950
$82,250
$171,550
$372,950
no limit
10% of the taxable amount
$835 plus 15% of the amount over $8,350
$4,675 plus 25% of the amount over $33,950
$16,750 plus 28% of the amount over $82,250
$41,754 plus 33% of the amount over $171,550
$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
$67,900
$137,050
$208,850
$372,950
$16,700
$67,900
$137,050
$208,850
$372,950
no limit
10% of the taxable amount
$1,670 plus 15% of the amount over $16,700
$9,350 plus 25% of the amount over $67,900
$26,637.50 plus 28% of the amount over $137,050
$46,741.50 plus 33% of the amount over $208,850
$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
$33,950
$68,525
$104,425
$186,475
$8,350
$33,950
$68,525
$104,425
$186,475
no limit
10% of the taxable amount
$835 plus 15% of the amount over $8,350
$4,675 plus 25% of the amount over $33,950
$13,318.75 plus 28% of the amount over $68,525
$23,370.75 plus 33% of the amount over $104,425
$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
$45,500
$117,450
$190,200
$372,950
$11,950
$45,500
$117,450
$190,200
$372,950
no limit
10% of the taxable amount
$1,195.00 plus 15% of the amount over $11,950
$6,227.50 plus 25% of the amount over $45,500
$24,215 plus 28% of the amount over $117,450
$44,585 plus 33% of the amount over $190,200
$104,892 plus 35% of the amount over $372,950

2009 Tax Rates Estates & Trusts

If taxable income is over But Not Over The Tax is:
$0
$2,300
$5,350
$8,200
$11,150
$2,300
$5,350
$8,200
$11,150
no limit
15%
25%
28%
33%
35%

Social Security 2009 Tax Rates

Base Salary
Social Security Tax Rate
Maximum Social Security Tax
Medicare Base Salary
Medicare Tax Rate
$106,800
6.2%
$6,621.60
Unlimited
1.45%

Education 2009 Tax Rates

Hope Credit
Lifetime Learning Credit
Student Loan Interest Deduction
Coverdell Education Savings Contribution
$2,500
$2,000
$2,500
$2,000

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