Tax Rates 2009 Tax Rates
 

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

$133,000

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