About Tax Reduction Letter
Recent Headlines
Browse By Topic
Browse By Issue
Subscriber Resources
Tax Advisor Directory
Free Resources
Endnote References
Special Reports
Links
Frequently Asked Questions
Contact
|
2010 Federal Income Tax Brackets
Tax Rate Tables. For taxable years beginning in 2010, the tax rate tables under IRC section 1 are as follows: Married Individuals Filing Joint Returns & Surviving Spouses Taxable Income | 2010 Tax | Not over $16,750 | 10% of the taxable income | Over $16,750 but not over $68,000 | $1,675 plus 15% of the excess over $16,750 | Over $68,000 but not over $137,300 | $9,362.50 plus 25% of the excess over $68,000 | Over $137,300 but not over $209,250 | $26,687.50 plus 28% of the excess over $137,300 | Over $209,250 but not over $373,650 | $46,833.50 plus 33% of the excess over $209,250 | Over $373,650 | $101,085.50 plus 35% of the excess over $373,650 |
Heads of Households Taxable Income | 2010 Tax | Not over $11,950 | 10% of the taxable income | Over $11,950 but not over $45,550 | $1,195 plus 15% of the excess over $11,950 | Over $45,550 but not over $117,650 | $6,235 plus 25% of the excess over $45,550 | Over $117,650 but not over $190,550 | $24,260 plus 28% of the excess over $117,650 | Over $190,550 but not over $373,650 | $44,672 plus 33% of the excess over $190,550 | Over $373,650 | $105,095 plus 35% of the excess over $373,650 |
Unmarried Individuals (other than surviving spouses and heads of households) Taxable Income | 2010 Tax | Not over $8,375 | 10% of the taxable income | Over $8,375 but not over $34,000 | $837.50 plus 15% of the excess over $8,375 | Over $34,000 but not over $82,400 | $4,681.25 plus 25% of the excess over $34,000 | Over $82,400 but not over $171,850 | $16,781.25 plus 28% of the excess over $82,400 | Over $171,850 but not over $373,650 | $41,827.25 plus 33% of the excess over $171,850 | Over $373,650 | $108,421.25 plus 35% of the excess over $373,650 |
Married Individuals Filing Separate Returns Taxable Income | 2010 Tax | Not over $8,375 | 10% of the taxable income | Over $8,375 but not over $34,000 | $837.50 plus 15% of the excess over $8,375 | Over $34,000 but not over $68,650 | $4,681.25 plus 25% of the excess over $34,000 | Over $68,650 but not over $104,625 | $13,343.75 plus 28% of the excess over $68,650 | Over $104,625 but not over $186,825 | $23,416.75 plus 33% of the excess over $104,625 | Over $186,825 | $50,542.75 plus 35% of the excess over $186,825 |
Estates & Trusts Taxable Income | 2010 Tax | Not over $2,300 | 15% of the taxable income | Over $2,300 but not over $5,350 | $345 plus 25% of the excess over $2,300 | Over $5,350 but not over $8,200 | $1,107.50 plus 28% of the excess over $5,350 | Over $8,200 but not over $11,200 | $1,905.50 plus 33% of the excess over $8,200 | Over $11,200 | $2,895.50 plus 35% of the excess over $11,200 |
Planning Tip When looking at your federal income tax bracket, pay attention first to your last bracket. Why? That’s where you start to pocket cash when you find a new or additional tax deduction. Example. You are married. You and your spouse have taxable income of $120,000. That puts you in the 25 percent federal income tax bracket. If you can find $10,000 in new deductions, you pocket $2,500. If you have a one-owner or husband and wife business, visit our topics list to get some idea about where you might find those deductions, click here.
|
