2010 Tax Rates

2010 Tax Rates - Single Taxpayers - Standard Deduction $5,700
10% 0 to $8,375
15% $8,375 to $34,000
25% $34,000 to $82,400
28% $82,400 to $171,850
33% $171,850 to $373,650
35% Over $373,650
2010 Tax Rates - Married Jointly & Surviving Spouses
Standard Deduction $11,400
10% 0 to $16,750
15% $16,750 to $68,000
25% $68,000 to $137,300
28% $137,300 to $209,250
33% $209,250 to $373,650
35% Over $373,650
2010 Tax Rates - Married Filing Separately - Standard Deduction $5,700
10% 0 to $8,375
15% $8,375 to $34,000
25% $34,000 to $68,650
28% $68,650 to $104,625
33% $104,625 to $186,825
35% Over $186,825
2010 Tax Rates - Head of Household - Standard Deduction $8,400
10% 0 to $11,950
15% $11,950 to $45,550
25% $45,550 to $117,650
28% $117,650 to $190,550
33% $190,550 to $373,650
35% Over $373,650
2010 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 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%
Miscellaneous 2010 Tax Rates
Personal Exemption $3,650
Business equipment expensing deduction $500,000
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 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 Unlimited
Annual Exclusion for Gifts $13,000
Education 2010 Tax Rates
American Opportunity Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

 

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