Tax Center: Tax Rates 2009
Tax Rates 2009 |
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 |
Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50 |
Maximum Contribution to SEP IRA compensation |
25% of eligible up $49,000 |
401(k) maximum employee contribution limit |
$16,500 if under age 50 |
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 |
2009 Tax Rates - Single Taxpayers |
|
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 |
|
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 |
|
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 |
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