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2010 Tax Rates
| 2010 Tax Rates Schedule X - Single |
| If taxable income is over |
But Not Over |
The Tax is: |
| $0 |
$8,375 |
10% of the taxable amount |
| $8,375 |
$34,000 |
$837.50 plus 15% of the amount over $8,375 |
| $34,000 |
$82,400 |
$4,681.25 plus 25% of the amount over $34,000 |
| $82,400 |
$171,850 |
$16,781.25 plus 28% of the amount over $82,400 |
| $171,850 |
$373,650 |
$41,827.25 plus 33% of the amount over $171,850 |
| $373,650 |
no limit |
$108,421.25 plus 35% of the amount over $373,650 |
| 2010 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
| If taxable income is over |
But Not Over |
The Tax is: |
| $0 |
$16,750 |
10% of the taxable amount |
| $16,750 |
$68,000 |
$1,675 plus 15% of the amount over $16,750 |
| $68,000 |
$137,300 |
$9,362.50 plus 25% of the amount over $68,000 |
| $137,300 |
$209,250 |
$26,687.50 plus 28% of the amount over $137,300 |
| $209,250 |
$373,650 |
$46,833.50 plus 33% of the amount over $209,250 |
| $373,650 |
no limit |
$101,085.50 plus 35% of the amount over $373,650 |
| 2010 Tax Rates Schedule Y-2 - Married Filing Separately |
| If taxable income is over | But Not Over | The Tax is: |
| $0 | $8,375 | 10% of the taxable amount |
| $8,375 | $34,000 | $835 plus 15% of the amount over $8,375 |
| $34,000 | $68,650 | $4,675 plus 25% of the amount over $34,000 |
| $68,650 | $104,625 | $13,343.75 plus 28% of the amount over $68,650 |
| $104,625 | $186,825 | $23,416.75 plus 33% of the amount over $104,625 |
| $186,825 | no limit | $50,542.75 plus 35% of the amount over $186,825 |
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2010 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 |
$45,550 |
$1,195.00 plus 15% of the amount over $11,950 |
| $45,550 |
$117,650 |
$6,235 plus 25% of the amount over $45,550 |
| $117,650 |
$190,550 |
$24,260 plus 28% of the amount over $117,650 |
| $190,550 |
$373,650 |
$44,672 plus 33% of the amount over $190,550 |
| $373,650 |
no limit |
$105,095 plus 35% of the amount over $373,650 |
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2010 Tax Rates
Estates & Trusts
|
| If taxable income is over | But Not Over | The Tax is: |
| $0 |
$2,300 |
15% |
| $2,300 |
$5,350 |
25% |
| $5,350 |
$8,200 |
28% |
| $8,200 |
$11,200 |
33% |
| $11,200 |
no limit |
35% |
| Social Security 2010 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% |
| Education 2010 Tax Rates |
| Hope Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
| Miscellaneous 2010 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 2009 tax liability |
| Standard mileage rate for business driving | 50 cents |
| Standard mileage rate for medical/moving driving | 16.5 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 |
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