Connect with us

Tax Rates Tables [for 2009 Filing and 2010 Planning]

Published

on

Tax Rates Table for 2009-2010Tax rates table is most important resources [references] for any tax preparers. The rates dollars and / or percentages presented on the tables are a constant-used numbers in calculating any taxes that tax preparers can’t live without. IRS often change them to reflect the current inflation/deplation and represent the U.S. government’s policy on taxes.  Here are 2009 – 2010 tax rate tables summarized for your 2009 tax filing and 2010 tax planning you find useful. Many of them are the most commonly encountered return items, with changes and inflation-adjusted amounts for 2009 and 2010. Enjoy!

How to read the tables?

Advertisement

 

For Example:

Let’s assume you are a single taxpayer:

  • If your taxable income for 2009 is not over $8,350, then the tax rate is 10%
  • If your taxable income for 2009 is over $8,350 BUT NOT OVER $33,950, then the tax rate is $835 “PLUS” 15% of the amount over the $8,350. Means, if your taxable income for 2009 is $24,000, then your income tax is: $835 + [15% x (24,000 – $8,350)].
  • and on, and on.

 

Tax Rates Table for Single Taxpayers

Tax Rates Table for Single Taxpayers

 

 

Tax Rates Table for Married Filing Joint Returns and Surviving Spouses

Tax Rates Table for Married Taxpayers Joint Tax Returns

 

 

Tax Rates Table for Married Taxpayers Filing Separate Returns

Married Taxpayers Filing Separate Returns

 

 

Tax Rates Table for Trusts and Estates

Tax Rates Table for Trusts and Estates

 

 

Tax Rates Table for Heads of Household

Tax Rates Table for Heads of Household

 

 

Credit Savers – Applicable Percentages

Credit Savers - Applicable Percentages

2 Comments

2 Comments

  1. Gopal

    Jan 12, 2010 at 12:14 pm

    Hi, when this tax changes are proposed by IRS, i am writing my CPA exams in April 2010 and wondering if this effects my preparation as i preparing from Becker 2008 text material..Appreciate your respone!!!

  2. Mar 31, 2010 at 6:03 am

    Typographical error on the Single Taxpayer table:

    The line that reads:
    Over $33,950 but not over $82,250, tax is $850 plus 25% of amount over $33,950
    Should read:
    Over $33,950 but not over $82,250, tax is $4675 plus 25% of amount over $33,950

Leave a Reply

Your email address will not be published. Required fields are marked *




Are you looking for easy accounting tutorial? Established since 2007, centre-potential.ru hosts more than 1300 articles (still growing), and has helped millions accounting student, teacher, junior accountants and small business owners, worldwide.

Trending


Related pages


interest payable journal entry exampleannual carrying cost formulaschedule of cash disbursementsoperating activity on the statement of cash flowsmanufacturing overhead definitionwaiver of presentmentcapitalized expense definitionallowance method of accounting for bad debtsrecording bad debt expense journal entrysteps of accounting cycleconsolidated vs combined financial statementshow to write a promisory notefasb asc 350when are product costs expensedvehicle expenses deductionfinance lease accounting example lesseedownload peachtree 2011sfas no 144prepaid expenses meaningfinancial controller career pathwhat is a pcardleveraged lease accounting exampledirect and indirect laborintangible assets journal entrysold inventory for cash journal entrystandard rate per direct labor hourattestation by an auditor is themarketable securities on balance sheetfinished goods turnover ratiocpa exam score release schedulepre opening expenses accounting treatmentpromissory note real estate samplecost concept accounting definitionqualitative and quantitative methods of demand forecastingcost accounting standard costing and variance analysisgoodwill formulaselling price variancedeferred tax liability journal entryaccounting enterprise softwareformula of economic order quantityratios accounting formulasreversal of deferred tax liabilityperpetual inventory vs periodic inventorymanagement representation letter format for tax auditmaster budget templatelessor capital lease accountingdepartment of treasury operationssimple promissory note formeconomic ordering quantity modelasset impairment testhow to analyze financial statements pdffasb capitalization rulesjournal entry for bad debts recoveredleasehold improvements capital allowanceshow to calculate depreciation expense straight line methodformula for accrued interestfinance sop templateletter to irs templatewhat are examples of current liabilitiesaccounting solvency ratiosmanual payroll calculationsimpairment of fixed assets ifrsias accounting softwarefinancial and operating leverageadverse opinion audit report companyreturn on investment dupontaccounts receivable process flow chartraw materials inventory turnoverreorder stock levelinventory safety stock formulaaudit opinion letter exampleaccretion accountingcapitalised expenses definitionstarting salary of accountantifrs 7 disclosuresexplain economic order quantityoffice equipment depreciation rateifrs derivativesdiscount on bond payabledeferred gross profitifrs current liabilities