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	$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 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