2009 Tax Rates for Online Tax Filing

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 – $171,550

33%

$171,550 – $372,950

35%

Over $372,950

2009 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,400

10%

0 – $16,700

15%

$16,700 – $67,900

25%

$67,900 – $137,050

28%

$137,050 – $208,850

33%

$208,850 – $372,950

35%

Over $372,950

2009 Tax Rates - Married Filing Separately - Standard Deduction $5,700

10%

0 – $8,350

15%

$8,350 – $33,950

25%

$33,950 – $68,525

28%

$68,525 – $104,425

33%

$104,425 – $186,475

35%

Over $186,475

2009 Tax Rates - Head of Household - Standard Deduction $8,350

10%

1 – $11,950

15%

$11,950 – $45,500

25%

$45,500 – $117,450

28%

$117,450 – $190,200

33%

$190,200 – $372,950

35%

Over $372,950

2009 Tax Rates - Estates & Trusts

15%

0 – $2,300

25%

$2,300 – $5,350

28%

$5,350 – $8,200

33%

$8,200 – $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

Tax Rates 2009